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Texas oil remains at $ 60.93 while supplies fall

Texas oil remains at $ 60.93 while supplies fall


The price of Texas intermediate oil (WTI) closed on Wednesday with a slight decrease of 0.02%, to $ 60.93 a barrel on a day that highlighted the fall of US crude supplies.

At the end of the operations with live voice in the New York Mercantile Exchange (Nymex), the WTI futures contracts for delivery in January subtracted a penny from the previous session on Tuesday.

Prices remained relatively stable despite the decline in US crude oil supplies during the last week, as revealed by the weekly statistics of the US oil inventory, prepared by the American Petroleum Institute.

In addition, the Energy Information Administration has detailed that Texas crude supplies last week have fallen to 1.1 million barrels.

This situation has caused that the price of Texan oil has not changed too much while the positive impact that the signing of the phase one of the trade agreement between the United States and China that was signed last Friday, a front in which there has been no news during this Wednesday.

In recent days, although experts called for prudence and pointed out that there is still a certain risk climate, Texas crude has marked its best data since mid-September, although this Wednesday’s session slows the pace slightly after five days of figures in green.

In this context, gasoline futures contracts expiring in January are once again set at $ 1.69 a gallon, and natural gas contracts, expiring the same month, fell three cents to $ 2.29 per thousand feet.

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