It occurs after the OPEC+ ratified its plan to increase production from April, which will imply the gradual withdrawal of volunteer cuts of 2.2 million barrels per day in the coming months.
The oil prices collapse This Wednesday, March 5 and They touch minimums of more than three years, After the OPEC+ ratified its plan to increase production from April, which will imply the gradual withdrawal of the volunteer cuts of 2.2 million barrels per day in the coming months.
To this is added the escalation of commercial tensions after the protectionist measures of the Trump administration against Canada, Mexico and China, which could cool the global economy and hit the demand for crude.
In that contextthe crude Wti sinks 4.2% in the day and drills the US $ 66 per barrel, with what could close at its lowest level since the end of 2021.
For its part, the Barril Brent – Reference in Argentina – It falls 3.3% to US $ 68.64.
In addition, the market closely follows negotiations around a possible peace agreement in Ukraine. A favorable outcome on that front could lead to the lifting of sanctions to Russia by the US, which would increase the supply of oil in the market and add more pressure on prices.
Source: Ambito
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