Oil price closes this Monday higher: Texas rises 0.9% and Brent 0.44%

The price of Petroleum Texas Intermediate (WTI) closed this Monday with a rise of 0.9%, at $78.79 per barrel, thus breaking last week’s trend.

At the end of the session on the New York Mercantile Exchange (Nymex), WTI futures contracts for delivery in June They totaled 0.68 dollars compared to the close of the previous session.

Crude oil fell more than 6.70% last week as investor fears of a war between Iran and Israel eased and U.S. crude inventories rose on weaker demand.

The head of the Hamas political bureau, Ismail Haniyehinformed Egypt and Qatar this Monday that the Palestinian Islamist group accepted its proposal for a ceasefire in the Gaza Strip.

Hamas made the announcement in a brief statement in which it offered no further details, after the Israeli Army ordered some 100,000 Palestinians in eastern Rafah to evacuate the town in the face of a possible ground assault.

In other markets, natural gas contracts for delivery in June rose 0.5% to $2.56 per thousand cubic feet, and gasoline contracts due the same month rose 3.4% to $2.14. dollars a gallon.

Brent Crude

The barrel of Brent oil for delivery in July closed this Monday in the London futures market at $83.33, an increase of 0.44% compared to the last negotiation.

North Sea crude oil, a benchmark in Europe, rose 0.37 dollars compared to Friday’s close on the Intercontinental Exchange (ICE), when it ended at $82.96.

Oil rose during the day after Saudi Arabia, the largest oil exporter, raised black gold prices for the Asian region, and the little hope that there was to overcome the conflict in the Middle East before the terrorist organization Hamas communicate that he accepted a ceasefire plan.

The market is also watching the direction of interest rates in the US, after the Federal Reserve decided last week to keep the price of money unchanged, in the range of 5.25% to 5.5%. , but experts fear a rise.