With information from EFE
The price of intermediate oil from Texas (WTI) closed this Monday with a rise of 0.57%, to 84.30 dollars, at the end of a shorter day because this Monday is a holiday in the United States.
According to data at the end of operations on the New York Mercantile Exchange (Nymex), WTI futures contracts for delivery in February added 0.48 dollars compared to the close of the previous session.
The US benchmark oil thus continues its upward trend, which has lasted four weeks, pressured by the limited global supply of energy in the face of growing demand and the weakness of the dollar.
The Texas already exceeded 84 dollars and is at its highest price in more than seven years despite the recent release of 18 million barrels of strategic oil reserves in the US.
From the analysis firm Rystad Energy, analyst Louise Dickinson pointed out that the demand for oil is showing itself indifferent to the extension of the omicron variant of the coronavirus, and is more affected by China’s decision to cut its interest rates, which predicts a growth of its GDP.
Some banks have predicted that oil prices will reach $100 this year due to limited supply and demand driven by the economic revival and the return of travel.
On the other hand, natural gas contracts for delivery in February depreciated very slightly, a single cent, to 4,251 dollars per thousand cubic feet, and gasoline contracts expiring in the same month also added 1 cent, to 2 cents. $.43 a gallon.
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