The Texas intermediate oil price (WTI) opened this Tuesday with a drop of 1.65%, to 75.66 dollars a barrel, after the bump the day before and again wrinkled by fears of a possible slowdown in the economy and by the rise in the price of the dollar .
At 9:00 a.m. local time in New York (14:00 GMT), the futures contracts of the WTI for delivery in January they earned $1.65 compared to the close of the previous day.
The US reference oil price lived yesterday a day of vertigorising at the open 2.71% or $2.17, to end the day falling 3.8% or $3.05.
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According to analysts, the entry into force of the ban on imports of Petroleum transported by ships to the EU and the ban on the transport of Moscow crude sold to third countries at a price above 60 dollars a barrel, measures agreed by the G7 powers and which came into force yesterday, pushed prices up by a first moment.
However, information about the possibility that the US Federal Reserve (Fed) will continue raising interest rates, currently in the range of 3.75 5 and 4%, up to 5% or beyond in 2023, unleashed new fears of a recession and, consequently, to a weakening of the demand.
In his report today, analyst Tom Essayé blame a newspaper article The Wall Street Journal, where this question of rates is addressed, of this sudden change in trend as well as the latest data on the service sector in the United States.
