The oil price intermediate of Texas (WTI) fell 1.5% this Wednesday to $85.59 a barrel, thus breaking yesterday’s positive trend and reaching its lowest level in approximately three weeks.
Upon completion of operations in the New York Mercantile Exchange (nymex), WTI futures contracts for December delivery were down $1.33 from the previous day’s close.
Russian oil shipments resumed today through the pipeline Druzhba to Hungary.
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“Prices remain in negative territory, with various geopolitical influences, from an oil tanker being hit by a bomb-carrying drone off the coast of Omaneven the tensions with Russia“, said matt smithprincipal oil analyst at Kpler, collected by MarketWatch.
In addition, the increase in covid cases in China -the main oil importer- continues to weigh on the future of demand for black gold.
For her part, the Energy Information Management said that crude oil inventories of state Joined they fell 5.4 million barrels in the most recent week.
The futures contracts natural gas for December they increased 16 cents, to 6.20 dollars, and those for gasoline maturing in the same month almost 1 cent, to 2.50 dollars a gallon.