The market is driven by the high demand for fuels, both in gasoline but more ostensibly in diesel, due to the greater economic activity in cargo and passenger transport.
The price of gasoline at the pump in the United States exceeds $5 per gallon ($1.3 per liter), in 13 states and is estimated to reach $6 at the peak of the season.
Crude reached an intraday high, in the middle of the rebound in demand from China and a significant market adjustment after the Russian invasion of Ukraine.
The oil market will probably have a deficit of 500,000 barrels per day in the second half of the year, according to a report prepared by Morgan Stanley, cited by the Bloomberg agency.
The bank raised its third-quarter price forecast for Brent to $140 a barrel and for WTI to $137.
The increase in energy prices that fully impact the costs of transporting goods is the main factor of concern for all public policy makers in the world and hits fully in the high levels of inflation that are recorded throughout the planet.
The Secretary of the Treasury of the United States, Janet Yellen, he had to back off his position and he admitted that inflation will remain at high levels for a long time.
Broader estimates also indicate that stockpiling and anticipation of future natural gas purchases has begun in anticipation of strong demand for early fall.
In this way, futures contracts for natural gas continue to rise and today closed with a rise of 0.2% and were agreed at 9.34 dollars per million BTU.
Finally, gold rose 0.7% and traded at 1,857 dollars per ounce.
Source: Ambito
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