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Oil price falls after strong rise in the previous week

The price of oil fell this Monday, consolidating its position after a week of strong growth and paused due to expectations of a restart of the exports Iranians and the closure of refineries in Texas.

Thus, the price of a barrel of oil from the North Sea for delivery in April, the most traded in London, lost 0.62%, ending at US$ 92.69.

In New York, the barrel of West Texas Intermediate (WTI) for March yielded 1.07%, ending at US$ 91.32.

Prices were under pressure due to the interruption of the activity of three large refineries of Texas, connected to a cold wave in Houston (Valero), Pasadena (Chevron) and Galveston (Marathon), according to the AFP agency.

On Monday, Morgan Stanley analysts confirmed their forecast that Brent is headed for a price of $100 a barrel.

Source: Larepublica

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