NEW YORK .- The cost of a barrel of oil fell on Wednesday Texas 5.45% to close at $ 98.21, which interrupted the rally of the last two sessions and recovered the steep declines last week, which was marked by a stampede of investors in the commodities market.
is required at the end of the third session of the week in the New York Mercantile Exchange, futures contracts Petroleum Texas Intermediate (WTI), maturing in June marked subtracted about $ 5.67 above the closing price This contrasts significantly with the increase of 5.52% from 1.29% Monday and Tuesday.
Texas oil recovered and the downward trend that prevailed in the five days of the Last week, in which a cumulative fall of 14.7%, while approaching the crash
experienced last Thursday, when it registered the largest percentage decline in more than two years of 8.64% - and lost symbolic dimension of $ 100 per barrel that had held during the past two months.
During the first two days of this week, investors recovered spirits buyer-oil futures rebounded to $ 100 a barrel, but that trend ended Wednesday when the U.S. Department of Energy reported that its oil reserves in this country increased by 3.8 million barrels last week and were at 370.3 million barrels.
That department also announced that oil reserves are above average for this time of year are 2.2% higher than a year ago, which pushed down the price of "black gold" .
Oil had started the day with declines in excess of a percentage point following the announcement that the U.S. deficit in international trade in goods and services increased by 6% in March and came to 48,200 million dollars, in line with expectations most pessimistic of experts.
also influenced the decline of crude oil recorded the progress that today the dollar against other currencies like the euro, which at this time was trading at $ 1.42, compared with 1.44
the day before.
The advance of greenback tends to depress prices of oil and other raw materials since, trading in U.S. currency, more expensive on a dollar strengthened.
is required at the end of the third session of the week in the New York Mercantile Exchange, futures contracts Petroleum Texas Intermediate (WTI), maturing in June marked subtracted about $ 5.67 above the closing price This contrasts significantly with the increase of 5.52% from 1.29% Monday and Tuesday.
Texas oil recovered and the downward trend that prevailed in the five days of the Last week, in which a cumulative fall of 14.7%, while approaching the crash
experienced last Thursday, when it registered the largest percentage decline in more than two years of 8.64% - and lost symbolic dimension of $ 100 per barrel that had held during the past two months.
During the first two days of this week, investors recovered spirits buyer-oil futures rebounded to $ 100 a barrel, but that trend ended Wednesday when the U.S. Department of Energy reported that its oil reserves in this country increased by 3.8 million barrels last week and were at 370.3 million barrels.
That department also announced that oil reserves are above average for this time of year are 2.2% higher than a year ago, which pushed down the price of "black gold" .
Oil had started the day with declines in excess of a percentage point following the announcement that the U.S. deficit in international trade in goods and services increased by 6% in March and came to 48,200 million dollars, in line with expectations most pessimistic of experts.
also influenced the decline of crude oil recorded the progress that today the dollar against other currencies like the euro, which at this time was trading at $ 1.42, compared with 1.44
the day before.
The advance of greenback tends to depress prices of oil and other raw materials since, trading in U.S. currency, more expensive on a dollar strengthened.
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