Home » today » Business » Texas oil opens below $80 a barrel – 2024-05-07 23:08:30

Texas oil opens below $80 a barrel – 2024-05-07 23:08:30

(AP Photo/Fernando Llano)

The price of Texas intermediate oil (WTI) It opened this Thursday with a rise of 0.10%, to $79.08 a barrel.

At 09:15 local time (13:15 GMT), WTI futures contracts for delivery in June rose $0.08 compared to the close of the previous session.

commercial crude oil inventories USAwhich exclude strategic oil reserves, increased by 7.3 million barrels to 461 million barrels last week.

On the other hand, the Reserva Federal (Fed) yesterday kept interest rates stable, given the “lack of progress” in reducing inflation to its 2% goal.

Furthermore, analysts believe that it is most likely that the Organization of Petroleum Exporting Countries and allies (OPEC+) do not stop with your voluntary production cuts at your next meeting, which will take place in June. EFE (I)

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