The barrel of crude oil was trading lower today in the international markets of New York and London.
West Texas Intermediate (WTI) crude, which operates on the New York futures market (Nymex), fell 0.12% this morning and was trading at $80.51 a barrel in contracts with delivery in May.
With a similar trend, Brent oil from the North Sea, in the London electronic market (ICE), fell 0.02% and a barrel was agreed at u$s84.97 but in the contracts for June, according to the Bloomberg agency.
Meanwhile, the Organization of Petroleum Exporting Countries (OPEC) reported that its basket of crude oil closed yesterday at $85.49 a barrel, compared to $85.50 the day before, which represented a decrease of 0.01 %.
It should be noted that heoil prices went up on Monday following the surprise announcement by the members of the Organization of the Petroleum Exporting Countries and its partners (OPEC+) by a cut of more than 1.5 million barrels per day from May to the end of 2023.
“Investors weighed OPEC+ plans to further cut production against weak economic data from the US and China, which could suggest cooling oil demand”the operators said.
Source: Ambito
