Friday, September 22, 2023

Texas oil loses 1.5% and closes at US$75.66 a barrel

The price of Petroleum Texas Intermediate (WTI) rose 1.5% on Monday and closed at US$75.66 a barrel, when investors fear that the Federal Reserve (Fed) The United States will raise interest rates again this week.

At the close of business in NYa barrel of WTI for June delivery lost US$1.12 compared to the previous day’s close.

This week, the investors They were once again concerned about a possible economic recession and were considering whether the central bank could raise interest rates again at its meeting this week.

It is expected that the fed, which will meet on May 2 and 3, raise interest rates by another 25 basis points.

On the other hand, the contracts Natural gas futures for June were down US$0.09 to US$2.31, and gasoline futures due the same month added US$0.02 to US$2.55.


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