Closing price of Mexican oil today 25 July

At this meeting in the middle of the week, the Mexican export gross recorded a lead 26 cents, compared to the previous session, to quote at 66.01 dollars a barrel, reported Petróleos Mexicanos (Pemex) .

According to Banco Base, oil closed the session with strong profits in light of the results presented in the weekly report of the Energy Information Administration (EIA) .

The EIA has published that over the past week, US crude inventories fell by 6.14 million barrels, outpacing market expectations of a drop of three million barrels .

The decline in crude inventories is explained by a drop in crude oil imports and an increase in exports. On the one hand, crude imports decreased from 1.29 million barrels per day (bpd) to 7.77 mbd the previous week, while exports slightly increased more than 1.22 mbd to 2 , 68 mbj, exceeding the threshold of two mbj.

Another factor that drove down the price of oil was the decline in gasoline inventories in United States during the previous week, which, according to the 39; EIA, were reduced 2.32 million barrels.

The financial institution noted that a decline in inventories suggests a future increase in crude oil demand, since according to the EIA, about 48% of US oil is used to the production of this hydrocarbon.

In this context, crude oil West Texas Intermediate (WTI) earned 71 cents, to sell at $ 69.23 a barrel, while Brent increased 47 cents dollar to offer at 73.91 dollars a barrel.

CPR