Texas oil opens down 0.24% to $86.75
New York, Jan 20 (EFE).- The price of Texas intermediate oil (WTI) opened this Thursday with a decline of 0.24%, to $86.75, after the strong rises in the In recent days, which have taken the benchmark crude oil in the United States to levels not seen since 2014. At 9:05 local time (14:05 GMT) on the New York Mercantile Exchange (Nymex), WTI futures contracts for delivery in February - expiring today - were down 21 cents from their previous close. Crude fell with some investors looking to cash in after recent gains, which have pushed a barrel above $86 for the first time in seven years as a result of the gap between supply and demand in the market.Tensions in the Middle East are also raising oil prices, especially after the recent attack launched by Yemen's Houthi rebels against the United Arab Emirates, and fears of a conflict in Ukraine , according to analysts. In recent days, the upward trend has been reinforced by the temporary suspension of service on the Kirkuk-Ceyhan oil pipeline, between Iraq and Turkey, as a result of a fire and after it became known that the OPEC+ alliance is having difficulties to reach its production quotas due to unforeseen interruptions in the supply of some of its members, such as Libya or Kazakhstan.
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