The day was once again dominated by the alarms set off by the abrupt fall in the shares of Deutsche Bank, which moderated as the hours passed, and by UBS, which agreed in recent days to buy Credit Suisse.
The international prices of barrel of crude oil fell to 1.20% as a result of the fear that operators maintain of a financial crisis.
The price of a barrel of Brent for delivery in May closed the day at u$s 74.99 in the London futures market, 1.21% less than in the previous session.
Meanwhile, the West Texas Intermediate (WTI), the benchmark crude oil in the United States, recorded 0.81% in the New York market to close at US$ 69.39 per barrel.
Thus, crude oil remained downwards as fear of a financial crisis returned among investors, which could affect the economy and the demand for raw materials.
Crude oil prices have been falling since last week, trading at 15-month lows, as concerns grew over the health of the banking sector, following the collapse earlier this month of the Silicon Valley Bank (SVB) of California.
Today the day was once again dominated by the alarms that were ignited by the abrupt fall in the shares of Deutsche Bank, which moderated with the passing of the hours, and by UBS, which agreed in recent days to buy Credit Suisse.
The most significant risk at this time in the oil market is a tighter credit scenario, which could negatively influence the level of activity and consequently global demand for oil.
Source: Ambito
