The price of Texas intermediate oil (WTI) opened this Wednesday with a drop of 1.62%, to $80.60 a barrel, while the hopes of operators grow for a possible ceasefire agreement between Israel y Hamas and after an increase in crude oil inventories in EU
At 9:15 local time (13:15 GMT), WTI futures contracts for delivery in June were down $1.33 compared to the close of the previous session.
Black gold inventories in the United States increased last week by more than 4 million barrels, compared to a drop in gasoline and distillate reserves, according to the American Petroleum Institute.
The Energy Information Administration (AIE)a US government agency, will publish this morning its figures on crude oil reserves in the country.
On the other hand, operators continue to keep their eyes on the conflict between Israel and Hamas, now hoping for a possible ceasefire agreement after Egypt delivered a proposal to cease hostilities to the Palestinian Islamist group.
Yesterday, the Lebanese newspaper Al Akhbar published the alleged text of the proposal offered by Egypt, which includes a pause in fighting in three phases, lasting 124 days, in which a cessation of military operations would be applied in parallel with an increase in humanitarian aid for the Gazans.
Investors are also awaiting the next interest rate decision from the Federal Reserve which will be published today. EFE (I)
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