Oil prices recovered slightly on Tuesday afternoon



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Photo: Noticias24

(Caracas, July 17, News24) Oil prices recover slightly Tuesday after a fall of more than 4% Monday, while analysts expect further decline in US reserves.

The Brent barrel of the North Sea for the September delivery closed at $ 71.84 at the Intercontinental Exchange (ICE) of London, up 32 cents from the close of Monday.

A barrel of light sweet crude (WTI) for the August contract rose 2 cents to $ 68.08.

Brent and WTI prices fell by more than 4% on Monday as fears of a possible deficit in the supply of oil on the world market were eased .

Tuesday the c orrons stopped his attention in the weekly report of the Energy Information Agency (EIA) on US reserves, which is scheduled for this Wednesday .

After a 12.6 million barrel drop in crude stocks last week, analysts expect a new low of 4.25 million barrels of oil in the week ended July 13, according to the consensus of the median compiled by Bloomberg.

Gasoline reserves are estimated to have fallen by 850,000 barrels
and those of other distillates (fuel oil and diesel) have risen by 1.09 million barrels

With AFP information.


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