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International oil prices increased by more than 1% on Tuesday after Libya imposed force majeure on some of its crude oil exports, while the loss of Canadian supplies helped lift values in the United States at most in three and a half years.
Crude prices rise this Tuesday, when the barrel of Bren t, benchmark in Europe, approaching the barrier of 78 dollars, while the west of Texas , of American reference, it exceeds 74 dollars.
The barrel of Brent oil from the North Sea for delivery in September closed at 0.6% to close at $ 77.76, after reaching the highest intraday of $ 78.43 on the Intercontinental Petroleum Exchange (ICE) market in London.
Meanwhile, the US crude West Texas Intermediate (WTI ) rose 0.27% in August to $ 74.14 per barrel, its highest level in the world. over three years on the Mercantile Exchange in New York.
The contract briefly exceeded 75 barrels for the first time since November 2014 before cutting profits.
For its part, the basket of the Organization of Petroleum Exporting Countries . (OPEC) was quoted Monday at 75.28 dollars, which represented a loss of 41 cents (0.54%) over the previous closing.
Production of 360 thousand barrels of oil per day from Syncrude Canada at an oil sands plant near Fort McMurray, Alberta, was affected by a power outage last month that is likely to expand, which helped to consume US stocks.
A Reuters poll estimated that US oil inventories declined for the fourth consecutive week, by about 3.3 million barrels, during the week ended June 29th.
The American Petroleum Institute (API ) will report US stock estimates on Tuesday after markets close in New York.
The Libyan National Petroleum Corporation on Monday declared force majeure exports of the ports of Zueitina and Hariga, which would add supply losses of 850,000 barrels.
For his part Morgan Stanley on Tuesday raised his forecast for crude Brent in the second half of the year from $ 7.50 per barrel to $ 85 because he cut the projections supplies from Iran and Angola and Libya.
Abu Dhabi National Oil Co (ADNOC), UAE, said it could increase production by several hundred thousand barrels a day if necessary.
Oil prices have been supported by tighter inventories this year, but there are signs that demand may now be easing.
According to Reuters and Notimex.
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