The reference WTI crude, with a decrease of 0.8%, closed this Friday at 91.07 dollars, while the Brent, with a rise of 0.63%, ended the day at 93.62 dollars.
With this, international oil prices, both in the Brent reference and in the WTI, culminate a week above 90 dollars a barrel.
According to data at the end of operations on the New York Mercantile Exchange (Nymex), WTI futures contracts for delivery in March subtracted 0.69 dollars from the previous close.
North Sea crude, a reference in Europe, concluded the day on the International Exchange Futures with an increase of 0.59 dollars compared to the last trade, when it closed at 93.03 dollars, in one more day in the evolution of tensions in Ukraine and the possibility of a Russian invasion.
The closeness of a nuclear agreement between the US and Iran, which could lead to the lifting of sanctions and the return of Iranian supply to the market, makes analysts believe that the Eastern country could increase up to one million barrels per day in the next year, which implies a greater perspective of balance in the face of growing demand.
While this is happening, the Biden administration announced a surprise increase in commercial crude oil reserves of 1.1 million barrels, but the total level remains below the historical average for this time of year.
However, the escalation of tension between Russia and Ukraine continues to push up the price of crude oil and experts do not rule out that the barrel will become more expensive again if Russian troops cross the Ukrainian border.
Source: Larepublica
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