[ad_1]
In the day of Tuesday, Mexican export oil recorded a loss of 87 cents, compared with yesterday's trading, to settle at 63.86 dollars a barrel, reported Petróleos Mexicanos (Pemex).
According to Banco Base, the gains observed by the major oil mixes occurred after the previous session WTI and Brent showed a decline of 4.15 and 4.63%, respectively.
The financial institution mentioned that the downward pressure on the price of crude oil was caused by concerns about greater supply and lower demand for hydrocarbons.
On the supply side, oil production from Libya, Nigeria, Canada is increasing, and it is expected that the United States will maintain its pressure to continue lowering the price petrol.
The US administration mentioned that it planned to take advantage of the petroleum inventory emergency to introduce it to the market and lower prices, although for that this happens, the Congress must approve it, as these inventories are held to safeguard the national security of the country.
Libya's National Oil Corp has regained control of the Ras Lanouf, Es Sider, Hariga and Zueitina oil terminals following clashes in that region last month.
Exports of these stations are said to have increased to 600 or 700,000 barrels a day
In Canada, the Suncor oil company said that Syncrude's plant utilization will resume in the second half of July, after the period of maintenance and improvement, so that this country will increase by 150,000 barrels per day
In this context, West Texas Intermediate (WTI) oil has recorded a profit of two cents, to sell at 68.08 dollars a barrel, while Brent rose 28 cents to offer at 72.16 dollars a barrel.
CPR
Source link
