The sanctions to Russia, which include restrictions on both exports and transport and financing services, have especially affected companies that facilitate the transport of crude oil.
The oil closed on a lower Thursday, although on the closure of the day it cut its descent. It happened after the president of the United States, Donald Trump, and the president of Russia, Vladimir Putin, agreed to hold conversations for End the war in Ukrainewhich could reduce the risk for supply.
As indicated by the EFE agency, at the end of the session in the New York Mercantile Stock Exchange, the Futures Contracts of the American crude oil WTI for delivery in March subtracted 8 cents with respect to the previous day, to U $ S71.29.
Donald Trump said Wednesday that he reached an agreement with his Russian counterpart, Vladimir Putin, so that both countries initiate “negotiations immediately” with the aim of ending war in Ukraine.
This relieved the fear of operators to the conflict affecting the supply of crude, although experts are still concerned about uncertainty in the Middle East.
Vaca Muerta Artificial Intelligence Petroleum Globant
Geopolitics marks crude oil prices
“The Trump’s threat and (Israeli prime minister) Netanyahu to cancel the ranged fragile in force and ‘unleash hell’ if Hamas does not release the hostages Israelis in Gaza revived a geopolitical bid for fear, ”says analyst Tom Essaye today in his daily report Sevens Report.
On the other hand, the Texas market also has the focus on several economic factors, including low expectations that the US Federal Reserve (FED) carry out new interest rate cuts and in the uncertainty around the tariffs that the Trump administration is imposing.
These economic factors They could lead “to a fall in crude oil prices and press the price of the barrel of Brent to US $ 70 ”, as indicated in a note Ipek Ozkardeskaya, from the Swissquote Bank firm.
In other markets, natural gas contracts for delivery in March rose Au $ 3,63 per thousand cubic feet, and gasoline for the same period rose AU S2,11 the gallon.
Source: Ambito
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