Oil price rises again after several weeks of doldrums

A report on oil prices indicates that this Monday crude prices rose around 4%, while investors evaluated the efforts of the authorities to curb concern about the global banking system and tensions increased in Europe over plans to Russia to place tactical nuclear weapons in Belarus. Meanwhile, other Investing.com reports publish prices of US$72.90 per barrel for West Texas Itermediate (WTI) crude for a 12% rise compared to the previous day.

In the case of Bloomberg, the WTI barrel prices were US$72.84 this afternoon and Brent crude US$7.12. The latter with a closing day without changes. For delivery to May, negotiations were closed today with a price of US$72.25 in the case of WTI.

Last Friday, the price of crude oil registered a sharp fall before the collapse of the shares of European banks and after the Secretary of Energy of the United States, Jennifer Granholm, said that filling the Strategic Petroleum Reserve (SPR) could take several years, holding back demand prospects. The WTI closed with a weekly gain of 4.06% (after two consecutive weeks of losses). In the case of Brent, this also closed with a weekly gain of 2.73% (after two consecutive weeks of losses).

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