What is the current trading price for Brent and Texas oil barrels on March 29th?

Oil expands its gains.

For the morning of this Wednesday, March 29, Brent and West Texas Intermediate crude prices (WTI) registered a rise of just under one percent, continuing with the hot streak that began on Monday, March 27.

Since the beginning of the week, both referentials have registered an increase of more than six percent after reaching their lowest level since the end of 2021. The good performance of the energy market is the result of a waning of concerns about the banking sector, which collapsed a couple of weeks ago, plunging oil prices below $70.

Another key factor in the fluctuations of black gold has been the disruption of Iraq’s exports of 450,000 barrels of oil per day from its northern Kurdistan region through Turkey for an arbitration case in the region.

“It is unfortunate that it has come to this given what the likely impact of continued supply disruption may have on oil prices and at a fragile time in world financial markets”says the executive director of BOTTOMBijan Mossavar-Rahmani para EFE.

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Brent and Texas oil barrel prices today, March 29: How much is it and how much is it trading?

According to the most recent update of Oil Price Chartsfamous website with more than 150 oil indices and mixes, For this Wednesday, March 29 at 10:30 am ET, a barrel of Brent crude is trading at $78.98 dollars, while West Texas Intermediate is at $73.74 dollars.

Both referential rose less than one percent Compared to the figures registered yesterday, March 28, when Brent traded at $78.25 dollars and WTI at $73.52 dollars.