This is how oil prices started Tuesday in different markets

Oil benchmark prices have resumed their downward trend, given the threats that have been made by American and Iranian leaders; information about the oil market restructuring in India and data mentioning the postponement of ARAMCO's capital market exit project, for the IPO that it would undertake to take over SABIC Petrochemical, which could WTI, brand and reference for the New York market, lowered its price by US $ 0.92, putting the price per barrel at 67.69. Brent, the benchmark crude oil on the London market, lowered its price by US $ 0.83, putting the price of its barrel at US $ 72.81 per barrel.

OPEC basket adjusted, upward, its price in US $ 0.66, placing the average price per barrel of crude oil basket, representative of each of the fifteen nations, which make up this exporting organization, in 71, 57 US $.

The price of Venezuelan Olano crude oil for July 20, the day the MPP Petróleo delivered data of the price at which it was quoted and sold the Venezuelan blend over the last week, was 443.46 Ys. per barrel. Our oil is traded in yuan, unlike what happens on the international market, where the US dollar reigns.

This price behavior is a consequence of the intersection of threats that Washington and Tehran have made. US President Donald Trump has warned President Rohani's Iranian government about the danger of threatening the United States. The Iranian foreign minister, recommended on his part to the head of the North American executive, caution and caution in the use of words. Beyond the rhetoric, it seems that there are some possibilities of military conflict in this area, which could worsen in the very short term and which will inevitably be internationalized.

It is also known that Iran has moved Saudi Arabia energy supplier of India, has also been known the recommendation made by the spokesmen of the German energy companies, who have recommended to their counterparts in India, not to break their trade relations with Iran, despite the trade blockade that drives Washington.

In the capital of Saudi Arabia, Riyadh, began to talk about the movement that started ARAMCO, the oil company of the Saudi kingdom, the decision of the Crown Prince, Mohamed bin Salman, to establish an immediate action an IPO to take control of the participation of the petrochemical giant SABIC, which will affect the valuation of the mega oil S audita.

Source: economia.noticias24.com