The brent barrel from the North Sea for delivery in May closed sharply higher 7.12% to $115.62 in London, to its highest level in 10 days, driven by the eventuality of a European embargo on Russian oil.
For its part, the barrel of West Texas Intermediate (WTI) for delivery in April gained the same amount, 7.08%, to US$112.12 in New York, to settle above US$110 for the first time in two weeks. .
According to the agency Deutsche Welle from Germany, “several foreign ministers of the European Union (EU) were in favor of sanctioning Russian oil exports as a possible new restrictive measure due to the Russian invasion”.
Last week, a barrel of Brent oil – Ancap’s key import input – had traded below US$100 for the first time since February. However, now it bounced again five days after the end of the window period that the Regulatory Unit of Energy and Water Services (Ursea) takes as a reference for its report with the Import Parity Prices (PPI).
That report is that the Executive Branch takes as a reference to approve the gasoline and diesel tariffs for April.
The Observer with AFP
