The price of Texas intermediate oil (WTI) It opened this Friday with a drop of 1.53%, at $77.41 per barrel.
At 9:05 local time (14:05 GMT), WTI futures contracts for delivery in April fell $1.20 compared to the close of the previous session.
The US benchmark crude oil seems headed for a reduction in value in the week, marked by uncertainty about the path of interest rates.
In the minutes of the last meeting of the Federal ReserveAt the end of January, the central bank reiterated that it does not plan to lower rates until it is certain that inflation is close to the 2% target.
In fact, many analysts have already delayed expectations of this rate cut to June, which will contribute to the slowdown of the economy and, therefore, limit energy demand.
Apart from that, last week there was an increase of 3.5 million barrels in commercial reserves of USAas reported by the Energy Information Administration.
In the background of the session, geopolitical tensions remain in middle East and on Thursday new hostilities were reported in the Red Sea, key route to the market. EFE (I)
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