The price of Texas Intermediate Oil (WTI) closed this Tuesday with a rise of 0.9%, settling at $74.25 a barrel.
At the close of the session in the New York Mercantile ExchangeUS crude oil contracts for delivery in February added 69 cents compared to the previous session.
He US benchmark crude oil rebounded after yesterday’s bad day, driven by the prospect of an increase in demand in China thanks to the economic stimuli of its Government.
Analysts also pointed to the probabilities that the next Administration of President-elect Donald Trump increase sanctions against Iran and Russia, which would adjust the offer.
Commercial reserves
Today’s rise has also been supported by forecasts of a weekly decline in commercial reserves of crude oil in the US, a sign of good demand.
- Investors are awaiting several data from the US labor market this week, which will be key in interest rate policy of the Federal Reserve.
In other markets, natural gas contracts for delivery in February fell to $3.57 per thousand cubic feet, and gasoline prices for the same period fell to $2.04 per gallon. EFE
