The price of Texas intermediate oil (WTI) It opened this Monday with a decrease of 0.21%, to $77.85 a barrel.
At 9:01 local time (14:04 GMT), WTI futures contracts for delivery in April lost 16 cents compared to the close of the previous session.
Last week, Texas lost a hefty 2.4%, once again moving away from the $80 barrier, given the data from Chinawhich indicate weak demand, and comments from the International Energy Agency that the market will be well supplied in the current year.
This week new data is expected from both the Agency and the Organization of Petroleum Exporting Countrieson Thursday and Tuesday, respectively, which can influence the course of crude oil.
Geopolitical arguments seem to have lost weight in recent weeks, as the war in Gaza and it does not seem that the month of Ramadan – which began on Sunday or begins this Monday, depending on the countries of the Muslim world – is going to bring the long-awaited truce. EFE (I)
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