He oil price intermediate of Texas (WTI) rose a bulky 2.5% on Tuesday and closed at $69.33 a barrel, marking its second consecutive day on the rise, after US banks registered comfortable increases today, after two weeks of trouble.
At the close of business in NYthe barrel of WTI for delivery in April rose 1.69 dollars with respect to the closing of the Friday.
The US benchmark oil has approached the $70 barrier today, which it lost last week, when its price plummeted by almost 13%.
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Just like yesterday, US banks recorded important climbsincluding the punished First Republicwhich today rose more than 35%, after having fallen the day before by 40%.
In firm analyst oanda Craig Erlam pointed out today how this rise reflects “to what extent the banking crisis has had an impact on the markets”, which from the energy sector was seen as a possible indication of a greater recession.
On the other hand, futures contracts for natural gas for April they rose 0.12 dollars, up to 2.34 dollars, and those for gasoline maturing in the same month gained 0.002 dollars, up to 2.53.
