Tuesday , March 9 2021

Oil ends in New York



New York, April 12 (Reuters) – Petroleum prices peaked at Nymex on Friday as a result of production breaks in Iran, Venezuela and Libya.

The good Chinese trade statistics and the strength of stock markets have also contributed to the good performance of the oil market.

Not to mention the declining dollar, which is penalized with a renewed taste for risk that does not allow it to exercise its refugee currency function.

Brent is well on track to reach his third consecutive week of profits, while Texas gross record for his sixth consecutive win.

Baker Hughes, a subsidiary of General Electric, announced that the number of wells in the United States increased during the second consecutive week, which totaled 833 in the week until April 12, compared to 815 a year earlier.

May's contract on United States Lightweight (West Texas Intermediate, WTI) earned 31 cents, or 0.49 percent, at $ 63.89 a barrel.

Brent's maturity in June reached 72 cents, 1.02%, to $ 71.55 per barrel.


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