The price of oil Texas Intermediate (WTI) rose 1.7% this Monday, to $58.32 a barrel, on the first day of operations after the president of USA, donald trumpwill announce that Washington will govern in Venezuela and invest in the national oil industry after arresting the Venezuelan leader, Nicolás Ripe.
WTI futures contracts for delivery in February They added up to $0.99. with respect to the previous data.
- The rise in the value of crude oil is part of the crisis between the US and Venezuela – the country with the largest oil reserves. oil in the world, according to OPEC – after the arrest of Ripe in Caracas and his subsequent transfer to New York to be tried before the US courts.
Ripein the first hearing held this Monday in the court of the Southern District of New York (SDNY), pleaded not guilty of all the charges against him.
trump advanced in a press conference after the capture of Ripe that it will be his Administration that will be in charge of running Venezuela until there is a political transition and stated that the large American oil companies will invest “billions of dollars to repair the oil infrastructure.”
The US Secretary of State, Marco Rubioexplained this Sunday that, one of the objectives of the Administration of donald trumpwhile running Venezuela, is to refine Venezuela’s heavy crude oil in US refineries, which could alter the price of crude oil. oil.
The US Government has offered its country’s oil companies recover assets confiscated by Venezuela in exchange for investing in the reactivation of the oil industry of that Venezuelan country, according to sources cited by Politico.
The prices of oil have traded with volatility in this Monday’s session, although they have finally opted for notable increases and experts consider that their evolution will depend on the plans of trump in the Caribbean country.
According to the firm Ostrumof Natixis IMVenezuela before “was a reserved preserve of the USA with the exploitation of oil and chemistry”, and now that country is a good “alternative” to the stagnation in the US shale field.
“Yeah USA takes control of Venezuela, then sanctions on exports of oil will be lifted and production will resume, thus accentuating the supply of oil in the world market,” said the analyst Phillippe Waechterchief economist of Ostrum.
