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Texas oil falls slightly, to $76.82 a barrel

El petróleo de Texas baja levemente, hasta 76,82 dólares el barril

New York, (EFE).- The price of Petroleum Texas Intermediate (WTI) opened this Thursday with a slight drop of 0.6%, to $76.82 a barrel, which for the moment interrupts three straight days of rises that followed one of the worst weeks of the year.

At 9:00 a.m. New York local time (14:00 GMT), WTI futures contracts for January delivery were down 46 cents from the previous day’s close.

Also at this time, the barrel of Brent was losing a similar percentage, although it is still above 80 dollars per barrel.

Oil thus seems to depreciate when it is learned today that the European Central Bank raises interest rates to 2.5%, and so does the Bank of England, up to 3.5%, after the Federal Reserve also raised on Wednesday half a point the types.

But the ECB has openly acknowledged that the Eurozone will enter a recession in the first quarter of 2023, which will undoubtedly affect the demand for oil.

However, the International Energy Agency warned yesterday that it does not rule out an increase in the price of crude oil in 2023 due to the tightness of the global market between supply and demand, despite the current phase of decline caused by the weakening of the economy. world.

The Agency calculates that 2022 will close with a global demand of 99.9 million barrels per day, with an increase of 2.3 million, and that in 2023 the growth will be less, of 1.7 million barrels per day (mdb), up to 101.6 million.

For its part, OPEC released on Tuesday its latest monthly report on the oil market for 2022, in which it maintains all its forecasts unchanged, both for production and demand for crude oil, for 2023, a year in which it anticipates global economic growth. of 2.5%.

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