Home » today » Business » WTI oil rises to USD 73.31 a barrel – 2024-02-16 08:40:47

WTI oil rises to USD 73.31 a barrel – 2024-02-16 08:40:47

The price of Texas intermediate oil (WTI) It closed this Tuesday with a rise of 0.72%, at $73.31 per barrel, as investors analyze the effects that geopolitical tensions in the Middle East will have on the price of crude oil.

At the close of operations in the New York Mercantile Exchange (Nymex)WTI futures contracts for delivery in March added $0.53 compared to the previous session.

Last weekend, USA y United Kingdom launched a new wave of attacks against the Houthis in Yemen due to attacks on ships in the Red Sea.

44 warships from more than 10 countries, with the US at the helm, are in the Red Sea in “Operation Prosperity Guardian” to counter attacks from Yemen.

The events between USA e Iran “They can keep supply risks elevated, which will translate into higher gains” for benchmark U.S. oil prices, he said. Lukman Otunugamarket analysis manager FXTMin statements collected by Market Watch.

«Geopolitical tensions are likely to keep the price of crude oil above $70»Add.

At the same time, the US Secretary of State, Antony Blinkenbegan on Sunday its fifth tour of the Middle East since the beginning of the conflict between Israel y Hamas which will last until Thursday and in which he will visit Saudi Arabia, Egypt, Qatar, Israel y West Bank.

After more than a week of negotiations and a hermetic consultation process on a framework agreement for a truce in Gaza, the Islamist group Hamas responded today “in a positive spirit” to the proposal, which will be studied tomorrow between Israel and Blinken.

“I would like to inform the media that we have received a response from Hamas regarding the general framework of the hostage agreement. The response includes some comments, but is generally positive.”said the Foreign Minister of Qatar, Mohamed bin Abderrahmanat a press conference in Doha alongside Blinken.

On the other hand, natural gas futures contracts for March subtracted $0.073, up to $2.009 per thousand cubic feet, while those for gasoline expiring in the same month added $0.008, up to $2.21 per gallon. EFE (I)

#WTI #oil #rises #USD #barrel

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.