He oil price intermediate of Texas (WTI) fell 2.7% this Friday and closed at $76.34 a barrel, thus ending a week in which it has lost 4.2%.
At the close of business in NYhe WTI barrel for delivery in March, it was cut by $2.10 compared to the previous closing.
Crude closed its fourth consecutive day with losses due to fears that the Federal Reserve The US (Fed) continues with an aggressive policy to curb inflation and this translates into a recession and negatively affects the demand for black gold.
On Thursday, two officials from the fed They said that at the central bank’s February meeting, they had supported a higher rate hike than the Fed implemented, of a quarter of a percentage point.
You could read: Fuel prices stay the same
The Energy Information Administration (EIA) reported on Wednesday a 16.3 million-barrel weekly build in US crude inventories. USA.
The EIA data included an upward “adjustment” to crude stocks of 1.967 million barrels per day.
Crude prices have fallen because “the supplies are plentiful and global growth concerns return,” said Edward Moya, senior market analyst at OANDA in statements collected by MarketWatch.
For their part, natural gas futures contracts for March subtracted $0.11 to $2.27, and gasoline futures due the same month fell $0.02 to almost $2.40.
