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Oil benchmark prices have shown a slight upward trend, with a convulsed market, by the crossroads of contradictory information.
The WTI, marker and repository for oil. The New York market raised its price by US $ 0.30, putting the price per barrel at US $ 68.31. This opening price implies a decline compared to the price on Monday, July 16th, of just over $ 2.00 US.
The Brent crude that serves as a benchmark on the London market has improved its barrel price to US $ 73.74 per barrel, a drop of just over 1, $ 00 compared to Monday's price last week.
OPEC basket price increased its price by US $ 0.43, placing the price of its barrel at US $ 70.91. Recall that this figure is the average price of raw index quotations from each of the fifteen (15) nations that make up the Organization of Petroleum Exporting Countries, OPEC. This price is down from the opening of last week
The price of the Venezuelan oil blend for the week ending Friday, July 20th was 443.46 Ys per barrel which means a decrease of 13.30 Ys. per barrel. Our oil is traded in yuan, unlike what happens on the international market, where the US dollar reigns. The reference exchange rate was 6.71 Ys. US $ 1.00
This behavior in prices seems to respond to the crossroads of information that worries badysts.
On the one hand, US government spokesmen, underline President Trump's decision to release parts of the US strategic oil reserve, to offer them in the international market. If this action takes place, the price of crude oil would drop significantly, however the volumes negotiated by Washington still do not show the application of the threat.
On the other hand, in statements to the Iranian news agency, MEHR, the Venezuelan ambbadador to Tehran, Gral-in-Chief (R) Jesús Gregorio González, questioned the ability Kingdom of Saudi Arabia to increase oil supply in the short term, noting that Saudi Arabia's capacity is less than 2 million barrels a day, offered by Riyadh to Washington
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