Thursday, June 1, 2023

Texas oil opens with a rise of 0.16% and a barrel stands at US $ 73.83

He price Texas Intermediate Oil Barrel (WTI) It opened this Wednesday with a slight rise of 0.16%, after disclosing a new drop in the inflation year-on-year and to know the data on crude oil inventories, which are higher than expected.

At 09:01 local time (13.01 GMT), the contracts WTI futures for June delivery were up twelve cents compared to the previous day’s close, although a few minutes earlier they had been lower and prices seemed to dance slightly variations.

inflation in USA it fell again in April, for the tenth consecutive month, and stood at 4.9%, one tenth less than in March, in YoY rateaccording to data published this Wednesday by the Bureau of Labor Statistics (BLS).

On the other hand, inventories of raw in the United States they rose by 3.6 million barrels last week, according to data released today, and also those of gasolinealthough to a lesser extent (390,000 additional barrels), which could indicate a contraction in demand.

Last week, the prices of barrel from Texas suffered a strong drop -it was below US$70-, although they partially recovered in the three following days.


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