Monday, December 11, 2023

Texas oil opens down 1.18% to US$77.83

The price of Texas intermediate oil (WTI) started this Tuesday with a drop of 1.18%, up to US$77.83 a barrel, after registering a rise of 1.1% yesterday.

At 9:00 a.m. local time (1:00 p.m. GMT), the contracts of WTI futures for delivery in June remained US$0.93 with respect to the close of the previous day.

the oil of reference The US opened lower today after the impulse yesterday, which several analysts related to the difficulties between the Iraqi government, the Kurdish autonomous government and Turkey to reactivate the pumping of 400,000 barrels of crude daily through a pipeline that passes through Turkey.

baghdad managed in an international court last month to stop the transit of crude oil alleging that it did not have the permission of the Iraqi federal authorities and although an agreement was reached for the restoration, it seems that this has encountered pitfalls


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