Home » today » Business » The Texas barrel opens with a slight rise to USD 82.9 – 2024-05-02 19:23:51

The Texas barrel opens with a slight rise to USD 82.9 – 2024-05-02 19:23:51

The price of Texas intermediate oil (WTI) opened this Thursday with a slight rise of 0.11%, to $82.9 per barrel, after the latest US GDP data was released, considered disappointing.

At 9:01 local time (13:01 GMT), WTI futures contracts for delivery in May rose 9 cents compared to the close of the previous session, although in the previous moments they had fallen and the figure It has been practically stable since yesterday.

The US GDP grew by 1.6% in the first quarter, well below the 2.2% predicted by analysts, according to figures announced early today by the Department of Commerce and immediately described as disappointing in the economic media. .

These data are added to the fuel inventory figures reported yesterday by the Energy Information Administration and that showed a drop in gasoline storage (600,000 barrels) last week.

For the portal MarketWatchAll of this is not a sign of a cooling in economic activity that analysts had already been sensing, based on other previous figures such as the decline in merchandise orders and in the employment market, in the latter case for the first time since the pandemic. of the coronavirus. EFE (I)

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