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WTI Oil opens at US $74.64 GBP the EC Republic

Monday 3 January 2022Economy

The price of Texas intermediate oil (WTI) opened Monday with a decrease of 0.76% and stood at $74.64 per barrel. At 9.15 local time (14.15 GMT) on the New York Mercantile exchange (Nymex), WTI's future delivery contracts in February cut $0.57 from the previous closure. Texas oil began its first session of the year with declines after accumulating a revaluation of more than 55% in 2021 thanks to the recovery of demand.

Although much of the fears generated by the appearance of the omicron variant of the coronavirus have been dispelled, the rebound of winter-related cases is of concern to analysts. This weekend, some 5,000 flights were cancelled by airlines in the United States due to a lack of personnel due to the pandemic and a snowstorm. The market was also betting today on caution in the face of tomorrow's OPEC + meeting, at which it is expected to continue its gradual increase in supply. EfE

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Petróleo WTI abre en US,64| La República EC

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