Thursday, June 1, 2023

Texas oil rises 2.49% to US$70.27 a barrel

He price Texas Intermediate Oil (WTI) opened this Friday with a rise of 2.49%, up to $70.27 a barrel, thus breaking the US$70 barrier again, but remains on track to close another week with losses.

At 9:00 a.m. local time, the futures contracts of the WTI for delivery in June totaled US$1.71 compared to the close of the previous day, showing a certain stability after several turbulent days.

The prices of Petroleum they tumbled this week and black gold was down more than 7% on Wednesday night.

However, on Thursday “there were a couple of positive developments“, according to Tom Essaye in his report for The Sevens Report.


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