Oil reached its highest value in 10 days and approached US $ 70 in London

Oil reached its highest value in 10 days and approached US $ 70 in London

He oil price He operated with an important rise this Thursday, April 17. Thus, One of the most important commodities for Argentine exports reached its highest value in 10 days.

The raw barrel Brent from London registered a gain of 2.8% to be located in the U $ S67.69. Meanwhile, the WTI American threw an increase of 3.1% to the U $ S64.42.

In the last days, the concern for a lower global offer after new US sanctions to Chinese Iranian oil importers drove prices.

The American president Donald Trump seeks to reduce the energy exports of Iran to zero, amid the relaunching of negotiations on his nuclear program.

On the other hand, the Organization of Petroleum Exporting Countries (OPEC) received updated plans from Iraq, Kazakhstan and other countries to carry out new cuts of oil production that compensate for pumping over the agreed quotas, which further promoted the future of crude oil.

The grains also operate

As for the grains, The soybery erased its initial increase and finished the wheel with a setback of 0.2%, to US $ 380.84 per ton. The corn also dropped, 0.4%, AU $ S189.86, while the wheat rose 0.2% Au $201.63.

The Brazilian Association of Oleaginous Seed Processors Abiove raised his forecast for soybean exports from Brazil in 2025to a record of 108.5 million metric tons. The largest producer and exporter in the world is expected to benefit from the commercial war escalation Between the United States, its rival in the production of the oilseed, and China, the largest world importer of this agricultural product.

In addition, this Thursday the International Cereal Council (CIC) increased its world production forecast by 2025/26 by 5 million metric tons, to 1,274 million tons.

Source: Ambito

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