The price of Texas intermediate oil (WTI) It opened this Friday with a rise of 4.02%, to US$86.24 a barrel, thus reversing the downward trend of recent days.
At 13:02 GMT, WTI futures contracts for delivery in November totaled US$3.33 compared to the previous day’s close.
This increase occurs after the United States yesterday announced sanctions against two entities that transported Russian oil above the price limit allowed by the international coalition promoted by the G7 countries and in which the European Union and Australia also participate.
As reported by the Treasury in a statement, the Department’s Office of Foreign Assets Control (OFAC) has also confiscated two vessels that used service providers from the aforementioned coalition while transporting Russian crude oil above the maximum price. .
“This action shows the Treasury Department’s commitment to its international partners to responsibly reduce the Russian government’s oil profits and limit the Russian war machine,” the Treasury said in a statement.
On the other hand, Tom Essaye highlights in his report for The Sevens Report that the highlight of the Energy Information Administration (EIA) report, which was published on Thursday, was an increase in national oil production, which jumped more than 300,000 barrels per day to 13.2 million barrels per day.
Source: Larepublica
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