2023-04-20 22:27:50
WASHINGTON (EEUU).- The price of Texas Intermediate Oil (WTI) it lost 1.87 dollars today, at 77.29 dollars a barrel, hit by the prospect of further rises in interest rates and the strength of the dollar.
This is its lowest level in nearly three weeks, analysts said.
They agreed that the expectations of further rate hikes by the Reserva Federal (Fed) of this country and other central banks, represent one of the reasons that explain the withdrawal of the prices of black gold in recent sessions.
They also agreed that since the dollar is the currency with which oil is traded, its increases make it more expensive for foreign buyers, which affects its demand.
They also agreed that these factors caused the WTI to fall despite a sharp drop in US oil inventories -in more than four million barrels- in the previous week, data published on Wednesday.
They also believed that the decline in the WTI price took place on a bearish day in the stock market, which placed the energy sector among the biggest losers of the day in Wall Street.
Meanwhile, natural gas futures contracts, for May delivery, gained about three cents to $2.25.
However, those of gasoline, to supply in that month, yielded close to six cents and were quoted at closing at 2.59 dollars per gallon.
On the other hand, in the london markets Brent oil, the benchmark in Europe, today contracted 2.02 dollars, or 2.43 percent, and settled at the end of operations at 81.10 dollars a barrel.
Source and photo Prensa Latina
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