Texas crude closes 2.1% higher at $83.82

New York, Jan 14 (EFE).- The price of intermediate oil from Texas (WTI) closed this Friday with a notable rise of 2.1%, to 83.82 dollars, and ends the week with a revaluation of 6%. According to data at the end of operations on the New York Mercantile Exchange (Nymex), WTI futures contracts for delivery in February added 1.70 dollars compared to the close of the previous session. Benchmark US oil rose for the fourth week in a row, pressured by limited global energy supply against rising demand and a weak dollar. The Texas is close to 84 dollars and is at its highest price in more than seven years despite the recent release of 18 million barrels of strategic oil reserves in the US. Analysts point out that OPEC + is struggling to reach its total production quota, which is gradually increasing after the cut it applied in the face of the covid-19 crisis. Some banks have predicted that oil prices will reach $100 this year due to limited supply and demand driven by the economic revival and the return of travel. The US government this week revised upwards its forecast for demand in the country to 840,000 barrels per day. Meanwhile, natural gas contracts for February delivery were down less than a cent to $4.26 per thousand cubic feet, and gasoline contracts due the same month added 3 cents to $2.42. the gallon EFE nqs/lll



Reference-www.infobae.com

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