Texas oil opens 0.92% higher, to $ 83.26

New York, Oct 22 (EFE) .- The price of Texas intermediate oil (WTI) opened this Friday with an increase of 0.92% and stood at 83.26 dollars.

At 9:05 a.m. local time (13:05 GMT) on the New York Mercantile Exchange (Nymex), WTI futures contracts for December delivery totaled $ 0.76 from the previous close.

The US benchmark oil opened higher after a day of losses that briefly interrupted the rises recorded in recent weeks due to high demand for fuels and tight supply.

Oil markets expert Louise Dickson, from Rustad Energy, said in a statement that Thursday’s falls were mainly due to the impatient attitude of some investors to reclaim accumulated profits.

“The supply shortage, coupled with falling storage levels, helped prices rise again,” he said.

The analyst considers that there is a “real risk” that the price of oil will skyrocket in the short term, given the international energy crisis and as long as OPEC oil-producing countries and their partners are in no hurry to change their plans to increase the demand gradually.

The revaluation of Texas since the beginning of the year is around 70%, and recently it has accelerated its increase in price due to the energy crisis in Asia and Europe.

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