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July 1, 2022
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Texas oil opens 2.33% higher at $108.23

El petróleo de Texas abre con un alza del 2,33 % hasta 108,23 dólares

New York, (EFE) – The price of Texas intermediate oil (WTI) opened this Friday with a strong rebound of 2.33%, to 108.23 dollars a barrel, after yesterday’s marked drop of 3.6% with which he concluded a month in which the price of US crude fell more than 10%.

At 9:00 a.m. local time in New York (1:00 p.m. GMT), WTI futures contracts for delivery in August were down $2.47 from the previous session’s close.

With this morning’s rise, the price of a barrel of WTI advances to recover the 4 dollars lost yesterday after the alliance of OPEC+ producing countries announced that it maintains its plan to add 648,000 barrels of crude oil per day to the set of its oil supply.

Yesterday, the Libyan National Oil Corporation declared a state of force majeure in the ports of Es Sider, and Ras Lanuf, while force majeure remains in effect in the ports of Brega and Zueitina, adding new tensions to the imbalance between supply and demand, the main bullish factor in recent months.

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