The price of Texas intermediate oil (WTI) It opened this Monday almost flat, with a rise of 0.30%, reaching $72.50 per barrel, but the price did not stop dancing between red and green in these early stages of the day.
At 9:06 local time (14:06 GMT), WTI futures contracts for delivery in March added 22 cents to the close of the previous session.
Texas, a reference in USAthus begins a week in which the tension in middle East can mark the course of black gold.
On the one hand, Washington is trying to convince Israel to accept a ceasefire in Gazaat least temporarily, while its ally is reticent, also hoping that this truce can bring some calm to a region in turmoil due to the other open fronts.
Over the weekend, there have been threats between Washington and Iran’s various satellite militias about new crossed attacks, while Russia has taken the US bombings against targets in Iraq and Syria to the UN Security Council.
The second focus of attention is the plans of the Reserva Federal (Fed) on interest rates: on Sunday, its president Jerome Powell confirmed in an interview with CBS what everyone already took for granted: that the rates will not be touched in the month of March but perhaps later.
“With an economy this strong, we believe we can carefully approach a start to lowering rates”Powell said, without committing to a date. EFE (I)
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