This is how oil prices opened Monday in different markets

(Caracas, July 23, News24) .- The prices of petroleum indexes rose slightly, with a convulsed market, ] by the crossroads of oil. contradictory information.

WTI, a marker and reference oil for 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.

Brent, a crude oil that serves as a benchmark in the London market, improved its price by US $ 0.82, placing the price of its barrel at US $ 73.74 per barrel, a drop of just over US $ 1.00 compared to last week's Monday price

The price of the OPEC basket raised its odds to US $ 0.43, placing the price of his barrel at 70, 91 US $. 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 compared to the opening of last week

The price of Venezuelan oil blend for the week that ended on Friday, July 20th was 443.46 Ys on barrel, which meant 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, but the volumes negotiated by Washington still do not show the implementation of the threat.

On the other hand, in statements to the Iranian news agency, MEHR, the Venezuelan ambbadador to Tehran, Gral. Chief (R) Jesús Gregorio González, questioned the ability of the Kingdom of Saudi Arabia to increase oil supplies in the short term, noting that the Saudi surge capacity is less than 2 million barrels a day, offered by Riyadh in Washington.

Views of Publication:
377