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April 24, 2025
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Texas oil rises to $ 62.79 a barrel

Texas oil closes week at $70.6 per barrel

The price of Texas intermediate oil (WTI) on Thursday rose 0.84 %, up to $ 62.79 a barrel, recovering from the losses of the last session and with the pending operators of the Commercial War Unleashed between China and the United States.

At the close in the New York Mercantile Stock Exchange, Future contracts of the WTI for delivery in June added 52 cents with respect to the previous session.

  • Operators have the focus on a possible decline in High tariffs Taxes by the United States to China, after the president, Donald Trump, said that these taxes could be “substantially reduced.”

According to Rystad Energy analysts, if The commercial war Between both countries, the growth planned for this year of China’s demand for 180,000 barrels per day to 90,000 barrels per day.

The recent sanctions from the United States to Iranian crude oil exportsamong them to a Chinese refinery that he accuses of buying oil of Iran for more than 1,000 million dollars and the Iranian businessman Asadoollah Emamjomeh.

These sanctions take place even though Tehran and Washington They are starting conversations about the Iranian nuclear program.

He Texas oil The day ended yesterday with a 2.2 % drop after the news that several members of the organization of export countries of Oil and allies (OPEC+) They will suggest, at their next meeting, accelerate the increases in the production of oil In June, for the second consecutive month.

Estimates

The analyst Tom Essaye He points out today in his daily report Sevens Report that an accelerated increase in production could add more barrels to the physical market of crude.

Essaye also records the latest data from the International Energy Agency (IE), which revealed yesterday an increase in commercial reserves of American crude oil in 244,000 barrels per day last week, suggest a significant rebound in the demand for the demand for oil.

However, he emphasizes, the optimism of the operators for a possible increase in demand is being counteracted by Tensions within the OPEC+ EFE

Reliable, reliable and easy. Multimedia news agency in Spanish.

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