With information from EFE
The price of intermediate oil from Texas (WTI) closed this Monday with a rise of 2.34% and stood at 75.57 dollars, chaining several consecutive days of increase that seem to reflect optimism despite the wave of flight cancellations in the States United and the world for the expansion of the omicron variant of COVID-19.
According to data at the end of operations on the New York Mercantile Exchange (Nymex), a barrel of oil in WTI futures contracts for February delivery rose 1.74 dollars compared to the previous session.
Even more optimism was experienced today in the London market, where the price of a barrel of Brent for delivery in February ended with an increase of 3.35%, reaching 78.59 dollars.
Texas oil appreciated more than 4% last week and received a final boost, after the Energy Information Administration announced Wednesday that the prior week’s oil reserves had fallen by 4.7 million, a drop that exceeded analysts’ expectations.
However, four consecutive days of flight cancellations around the world, which have left thousands of planes on the ground, raised fears for the worst, but finally the good data from domestic retail consumption seems to have weighed more.
For the firm Seven Reports, the demand for oil will continue to consolidate after many of the concerns about omicron disappeared last week after reports that it causes a less serious picture than other variants, despite being more contagious.
On the other hand, natural gas contracts for January delivery totaled 32 cents to $ 4.06 per thousand cubic feet, and gasoline contracts due the same month rose two cents to $ 2.23 a gallon.
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