Tuesday , August 20 2019
Home / venezuela / Oil growth is due to tension in Venezuela

Oil growth is due to tension in Venezuela

Oil prices rose on Thursday due to tensions in Venezuela and despite the global economic downturn.

Approximately 15:00 GMT Brent North Sea Barrels delivered in March and quoted on the last day in the Intercontinental Exchange (ICE) in London was worth $ 62.15 per 50 cents over Wednesday in the near future.

The New York Stock Exchange (Nymex), a "lightweight crude oil" (WTI) barrel at the same delivery date earned 88 cents, up to $ 55.11, the highest level in two months.

The US oil company PDVSA announced on Monday in the US contributes to investors' concerns about unprocessed supply.

"In addition to the crisis in Venezuela, data on US reserves are driving up," Commerzbank analysts added.

In the week ending January 25, commercial oil reserves increased by 900,000 barrels to 445.9 million barrels, less than the 3.15 million barrels expected by analysts at Bloomberg.

Source link