Oil ends abruptly in New York

0
39
                NEW YORK, April 22 (Reuters) - Oil prices have
ended abruptly after reaching new highs
Monday next to six months on the New York Nymex market
after the announcement by the United States of their desire to reduce
zero crude oil exports from Iran.
May contract on American light crude (West Texas
Intermediate, WTI) CLc1 earned $ 1.70, or 2.66%,
$ 65.70 per barrel after reaching $ 65.92
highest level since October 31st.
The Brent LCoC1 also earned $ 2.07 (2.88%)
$ 74.04 after a peak at 74.52, a level that no longer had
reached from 1 November.
The White House announced at the beginning of the day that Donald
Trump had decided not to renew himself when they expired
ten days, the exemptions that allowed eight
continue to import Iranian crude.
"The geopolitical risk premium is back on the
oil market, and it's spectacular, "commented John
Kilduff, a member of Again Capital in New York, who preaches it
"Iranian flows will be reduced to a simple network".
For the analysts of JBC Energy in Vienna, in Saudi Arabia
should increase its export offer to compensate for this
fall.
"Now it is almost certain that the volumes
from the Saudi Arabia will come the
the market from May ", they explain in a note.


(Stephanie Kelly;
Marc Angrand for the French service)
 
 

(tagToTranslate) Paris Stock Exchange (t) investment (t) CAC 40 share (t) SICAV (t) invest (t) indexes currencies (t) stock quotes (t) (t) tracker (t) warrants (t) Boursorama

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.