Oil climbs again due to war in Ukraine: WTI barrel operates at $95.45

Oil climbs again due to war in Ukraine: WTI barrel operates at $95.45

The price of Petroleum Texas Intermediate (WTI) opened this Monday with a strong rise of 4.2%, to 95.45 dollars a barrel, in reaction to Western sanctions on Russia.

At 14:05 GMT (9:05 Peru time) on the New York Mercantile Exchange (Nymex), WTI futures contracts for delivery in April totaled 3.86 dollars per barrel compared to the close of the previous day.

Benchmark oil in the US soared in parallel with Brent, on fears of a potential reduction in energy supply stemming from the Russian invasion of Ukraine.

For its part, the barrel of Brent oil for delivery in April soared 4.79% at the opening of this Monday, to trade at 102.6 dollars in the London futures market, which represents a new maximum since September from 2014.

Brent, which last Friday closed the session lower at 97.93 dollars, shoots up today and is trading above 100 dollars again. Meanwhile, Russia and Ukraine are expected to negotiate today a possible cessation of hostilities.

In Peru, future increases are expected in the Osinergmin forecasts that are presented every Monday, which are designed from the average price of oil imports and its derivatives in the last two weeks.

Source: Larepublica

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