Texas and Brent oil open the day lower: the barrel does not exceed US$ 86

The price of Petroleum Texas Intermediate (WTI) opened this Monday with a drop of 0.83%, to $82.45 a barrel.

At 9:01 local time (13:01 GMT), WTI futures contracts for delivery in May subtracted 69 cents from the close of the previous session.

Geopolitics once again sets the course for the crude oil market and the argument that seems to prevail is that the peak of tension ten days ago has already been overcome and all the actors involved are in favor of de-escalation.

Iran has ruled out new retaliations after the Israeli attack on Isfahan, and its Foreign Minister, Hossein Amirabdollahian, was clear in his recent interview with NBC: “As long as there are no new adventures by Israel against our interests, we will not have new reactions on our part. “, said.

Last week, Texas crude oil lost 3% of its value, and Brent’s behavior was similar; However, so far this year, Texas has changed by 16%, according to the CNBC channel.

Brent oil also falls

Brent oil fell around 1% this Monday, to around $86 per barrel, after the increase in geopolitical tension in the Middle East triggered the price of a barrel last Friday.

The barrel of Brent oil, the benchmark in Europe, fell 1% around 11:00 a.m., after last week exceeding $90 in the early hours of Friday after the attack on Iran by Israel, although later The price of crude oil eased to close at $87.29 that Friday.

”There are several reasons for an eventual change in trend, including a slowdown in demand, an easing of Saudi Arabia’s production cuts or a cooling of bullish sentiment towards more normal levels,” points out Norbert Rücker, head of economics and new generation researcher at the private bank Julius Baer.