He oil price Texas Intermediate (WTI) fell 1.2% this Thursday and closed at $75.72 a barrel, closing in red for the third consecutive day.
At the close of operations in New York, the barrel of WTI for April delivery lost $0.94 from the previous day’s close.
In the past two days, crude oil accumulated a fall close to 5% due to fears of a possible recession as a result of the Federal Reserve’s monetary policy (fed).
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The testimony of the president of the central bank, Jerome Powellbefore the Senate this week raised the possibility of more aggressive interest rate hikes by the central bank, which could lead to a recession.
Investors are now eagerly awaiting last February’s employment report, which will be released this Friday, in search of more information on the health of the labor market.
On the other hand, futures contracts for natural gas for April they lost 0.008 dollars, up to 2.54 dollars, and those of gasoline with expiration the same month fell 0.08 dollars, up to 2.60 dollars.
