Texas oil prices rise more than 2%, topping $83 a barrel


The price of Texas Intermediate Oil (WTI) closed this Thursday with an increase of 2.24% to $83.17 per barrel, breaking its downward trend of the last few days.

At the close of trading on the New York Mercantile Exchange (Nymex), WTI futures contracts for May delivery totaled $1.82 compared to the previous day’s close.

Yesterday, oil prices closed lower after the Energy Information Administration (IEA) reported a rise of 3.2 million barrels in U.S. commercial crude oil reserves – excluding the Strategic Petroleum Reserve – in the week ended March 22.

Over the last month, oil prices have risen by more than 6%

Over the last month, crude oil prices are up 6.13% and up 16.50% so far this year.

On the other hand, operators remain attentive to the Federal Reserve’s (Fed) moves regarding the direction of interest rates: in its last meeting, the central bank kept them stable but left the door open for future rate cuts.

Elsewhere, natural gas futures in May rose $0.04, up to $1.76 per thousand cubic feet, while gasoline futures expiring in the same month rose $0.08, up to $2.76 per gallon, increased.

Gasoline becomes more expensive in Spain during the Easter holidays

This increase in oil is being felt in fuel and the price of gasoline in Spain has risen again last week, in the middle of the Easter holidays, for the tenth day in a row, with more than 16.5 million road trips planned, just like diesel A. that after three weeks of decline slight increase.

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For the first time this year, gasoline remained above the level of 1.6 euros/liter, which was exceeded at the end of February.

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