The price of a barrel of US oil closed this Thursday above US$ 90.00 for the first time in seven years. The rise in hydrocarbons was driven by the fall of the dollar and the boreal winter in the United States.
In this way, in New York, the reference barrel “light sweet” (WTI) for delivery in March was quoted at US$ 90.27, the highest mark since the winter of 2014.
For its part, in London the price of a barrel of Brent from the North Sea for delivery in April rose 1.83%, reaching US$ 91.11.
According to AFP, prices exhibited calm behavior at the beginning of the session after the expected decision the day before by the 23 members of the OPEC+ alliance to maintain a prudent pace in increasing their total production level of 400,000 barrels per day. for the month of March.
But its rise was “precipitated by the falling dollar,” John Kilduff of Again Capital told the news agency.
Indeed, the euro has jumped this Thursday against the dollar driven by the change in tone of the European Central Bank (ECB), which, for the first time, opened the door to a possible rise in its reference rate this year.
With information from AFP
Source: Larepublica
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