With information from EFE
The price of Petroleum Texas Intermediate (WTI) closed this Monday with a rise of 3.2% and stood at US $ 119.40 a barrel after a volatile session marked by the war in Ukraine and the economic sanctions of Western countries against Russia.
According to data at the end of operations on the New York Mercantile Exchange (Nymex), WTI futures contracts for delivery in April totaled US$3.72 compared to the previous close.
The reference barrel in the United States has experienced great volatility in recent hours, since it went from touching US $ 130 this Sunday night, a level not seen since July 2008, to enter negative territory this morning for a while .
The prices of crude oil, natural gas and gasoline have soared to their highest levels in a decade both in the US and in Europe due to fears of a reduction in supply derived from the war that the Russian Government began in neighboring Ukraine at the end of February.
Russia, one of the world’s leading exporters of crude oil and oil products, faces harsh sanctions from the US, Europe and its allies for the invasion of Ukraine and is experiencing difficulties selling its fuels even if the punishment is not applied. to its energy sector.
Western allies are now considering taking a further step in that direction and banning Russian oil and gas imports in a coordinated manner, US Secretary of State Antony Blinken said in an interview on CNN on Sunday.
The market reacted this morning with sales when the German government said that it will not dispense with Russian fuels due to its high energy dependence, and another bearish factor was that of nuclear negotiations to resume the pact with Iran, since Russia has made last-minute demands to the United States, according to analysts.
On the other hand, natural gas contracts for April delivery were down 18 cents to $4.83 per thousand cubic feet, and gasoline contracts due the same month added 3 cents to $3.57. the gallon
Source: Larepublica
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