The price of Petroleum Texas Intermediate (WTI) opened this Friday with a rise of 0.11%, to 112.34 dollars a barrel, an increase that is registered when China -largest importer of Petroleum of the world – begins to relax its confinement measures.
As of 09:05 New York local time (13:05 GMT), WTI futures contracts for June delivery were up 13 cents from the previous day’s close.
The demand for black gold in China could recover as Shanghai authorities lifted some lockdowns due to the pandemic.
The lifting of lockdowns due to new outbreaks of the covid-19 in China It occurs when investors are worried about a possible economic recession.
On Wednesday, the UN lowered its growth forecast for the world economy this year from 4% to 3.1% as a result of the war in Ukraine, which is aggravating the problem of inflation and threatening the fragile recovery from the crisis of the crisis. covid-19.
In a review of its economic outlook report, the United Nations estimates that the world’s main economies will be clearly affected by the conflict and will progress less than expected: 2.6% in the case of the United States, 2.7% in the Union European and 4.5% in China.
In addition, the European Commission recommended the citizens of the Union to reduce energy consumption by at least 5% in the next ten years and its proposals to invest 210,000 million euros in renewables as recipes to reduce Russia’s energy dependence.
