Wednesday , June 29 2022

Bargain oil relief | International



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The price of a barrel of Brent's grain closed in February today in the London future market at $ 54.35, down 5.04% of the previous session and its lowest level in the last 15 months.

North Sea oil, a benchmark for Colombia, finished the day at the International Exchange Futures with a reduction of $ 2.89 compared to the last negotiation, when it ended at $ 57.24.

The price of Brent had turned again after yesterday had been restored slightly by 1.74%, given the fear of investors to over-supply. This could create, the analysts indicate, difficult to share the market among oil exporters.

It seems that the markets question whether the measure promoted by the Petroleum Exporting Countries Institute and other major producers to reduce production during the first six months of 2019 will be effective.

The other side of the coin lived by the WTI rough barrel that rose to 5.7 per cent, the highest retirement increase since June, to US $ 53.85 per barrel on the New York Trade Exchange.

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