Stock traders report strong rebound in oil prices
Internet
Published at: 25/01/2024 10:33 PM
Oil prices rose this Thursday, 25, more than two dollars in the New York and London markets, spurred on by expectations of greater demand for fuel, operators said, according to the Prensa Latina website.
He points out that experts agreed that published data indicate a growth in the US economy and the possibility of greater consumption of black gold, stimulated prices.
Thus, in the New York market, Texas intermediate crude oil (WTI) closed the day at 77.36 dollars a barrel, for an increase of 2.27 dollars, or 3.02%.
The notable price gains this Thursday were also attributed to the recent decline in U.S. oil inventories.
According to information from the Department of Energy, commercial crude oil inventories declined by 9.2 million barrels during the week ending January 19, which provided a stimulus to higher prices.
The current geopolitical tensions in Eastern Europe and the Middle East also influenced this regard, since existing conflicts in those areas may affect the supply of crude oil.
In this market, natural gas futures contracts, for delivery in March, yielded eight cents and were set at $2.18 per thousand cubic feet.
However, gasoline, with a supply date in that month, earned 52 cents and traded at closing at $2.29 a gallon.
On the other hand, in the London market, Brent oil dismissed trading at $82.43 per barrel, representing an increase of $2.39 or 2.9%.
Mazo News Team