Texas oil falls 3.2% and closes at 86.53 dollars a barrel

intermediate oil price of Texas (WTI) went down today a 3,2% and stood at 86.53 dollars a barrel, thus continuing for the second consecutive day below 90 dollars due to fear of a global recession and the possibility for Iran to increase its exports of black gold.

At the end of the operations in the New York Mercantile Exchange (Nymex)WTI futures contracts for delivery in September subtracted $2.88 from at the previous close.

The value of US crude it fell below $90 a barrel on Monday for the first time in more than a week, after dipping nearly 3%.

Oil prices were affected this week by bad economic data of the main buyer of black gold, China.

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In addition, the energy market is very attentive to a agreement that could allow more Iranian oil exports.

Iran almost closed the deal that it limited its nuclear program in exchange for the lifting of economic sanctions, but insists in which there are still fringes and asks for “flexibility” USA.

Before midnight, the authorities Iranians responded to the proposal presented by the European Union (EU) to save the 2015 nuclear pact and expect a replica in two days, Iranian media reported Tuesday.

For its part, the European Comission is already evaluating, together with the rest of the participants in the negotiation of the Iranian nuclear agreement, the response of Tehran.

While, USA confirmed on Tuesday that it has already received Iran’s response and that it is evaluating it with its European partners.

As noted on Tuesday by the analyst Tom Essaye in a firm report Seven’s Reportthe WTI futures They may be establishing a new trading range between 80 dollars and 90 dollars a barrel and surely “new lows” are seen In the next weeks”.

The contracts of Natural gas futures for September rose 60 cents to $9.32, and gasoline futures rose 60 cents to $9.32. due the same month they subtracted 5 cents, to $2.90 a gallon.

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