The price of Petroleum intermediate of Texas (WTI) closed this Friday with a decrease of 0.8%, to 91.07 dollars a barrel, and a loss of value of 2% weekly.
According to data at the end of operations on the New York Mercantile Exchange (Nymex), WTI futures contracts for delivery in March subtracted 0.69 dollars from the previous close.
The Petroleum The benchmark in the US fell slightly due to the proximity of a nuclear agreement between the US and Iran, which could lead to the lifting of sanctions and the return of Iranian supplies to the market.
According to analysts, if this new agreement is reached, Iran’s exports could increase by up to one million barrels newspapers in the next year, which implies a greater perspective of balance in the face of growing demand.
However, the escalation of tension between Russia Y Ukraine continues to push up the price of crude oil and experts do not rule out that the barrel will become more expensive if Russian troops cross the Ukrainian border.
US President Joe Biden plans to give a press conference at the close of the stock market to report on his diplomatic efforts, which remains uncertain.
On the other hand, the US Government announced a surprise increase in commercial crude oil reserves of 1.1 million barrelsbut the total level is still below the historical average for this time of year.
Meanwhile, natural gas contracts for March delivery fell more than five cents to $4.43 per thousand cubic feet, and gasoline contracts due the same month rose 3 cents to $2.67. the gallon
