The price of oil drops more than a dollar in New York



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July 31, 2018, 16:37 New York, July 31 (Prensa Latina) The price of Texas Intermediate Oil (WTI) lost today in New York $ 1.37, at $ 68.76 dollars a barrel, before the concern that the overall supply of crude exceeds demand.

The WTI rating started the day down, after experiencing a report from the Organization of the Petroleum Exporting Countries (OPEC), according to which this group

Analysts pointed out that the market was also aware of the tensions between the United States and Iran related to the Persian country's nuclear program.

In New York, gasoline contracts for delivery in August, they gave today three cents and they were at 2.13 dollars a gallon.

Those of natural gas, with the supply date in September, decreased by one cent, to 2.78 dollars per thousand cubic feet.

on the London market the price of a barrel of Brent crude oil from the North Sea rejected the session at $ 74.25, which meant a decline of 72 cents.

According to experts, crude oil prices will remain stable this year and the next, supported by OPEC and US productions.

mv / rs

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