Barrel of oil above $ 70



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July 3, 2018, 16:03 London, July 3 (Prensa Latina) Oil prices have risen today at the close of trading on the London and New York futures markets. maintain the value of the barrel in about $ 75.

For deliveries in September, crude Brent closed at $ 77.80 per barrel, an increase of 0.60% from the end of the previous session in London.

The North Sea fuel, a benchmark in Europe, ended the day in the International Exchange Futures with a $ 0.47 advance over the previous trading, when it finished at 77, $ 33.

While in New York, the price of Texas Intermediate Oil (WTI) rose by 0.27 percentage points, while the barrel was quoted at $ 74.14 per barrel against deliveries of the month d & # 39; August.

Analysts have badociated tangent market behavior with geopolitical tensions, as generated by the United States, whose authorities intend to veto Iran's oil exports, the promulgation of new punishment measures.

"The imposition of indiscriminate sanctions against a great nation (Iran) is the greatest violation of human rights in the world of today" , said Iranian President Hasan Rohani at a press conference in the Swiss capital

but "the United States will never be able to reduce Iran's revenues." In the midst of tensions, the Saudi Arabia confirmed Tuesday that it was able to respond to US President Donald Trump's recent request to increase oil extraction to maintain the balance and stability of the country.

"The Kingdom is ready to use its additional productive capacity when necessary to cope with future changes in supply levels." The Saudi Council of Ministers reported [19659003] that experts have also warned against any possible reduction exports from Libya and Canada.

jf / mjm

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