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Sunday, January 16

Oil prices close with losses awaiting OPEC + meeting

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SELECT wp_posts.*, MATCH (wp_posts.post_title,wp_posts.post_content) AGAINST ('Oil prices close losses awaiting OPEC + meeting oil prices, very volatile since discovery new variant coronavirus, gave ground Wednesday a volatile market, impatient outcome meeting OPEC + scheduled Thursday. New York, barrel West Texas Intermediate (WTI) January yielded 0.92%, closing 65.57 dollars. his side, London, price a barrel North Sea Brent delivery February lost 0.52%, ending 68.87 dollars.A reflection extreme volatility prices since appearance new variant coronavirus and a firmer tone&hellip;') as score FROM wp_posts WHERE 1=1 AND ( wp_posts.post_date <= '2022-01-16 10:20:12' ) AND wp_posts.ID NOT IN (618096) AND wp_posts.post_type IN ('post', 'page') AND ((wp_posts.post_status = 'publish' OR wp_posts.post_status = 'inherit')) AND MATCH (wp_posts.post_title,wp_posts.post_content) AGAINST ('Oil prices close losses awaiting OPEC + meeting oil prices, very volatile since discovery new variant coronavirus, gave ground Wednesday a volatile market, impatient outcome meeting OPEC + scheduled Thursday. New York, barrel West Texas Intermediate (WTI) January yielded 0.92%, closing 65.57 dollars. his side, London, price a barrel North Sea Brent delivery February lost 0.52%, ending 68.87 dollars.A reflection extreme volatility prices since appearance new variant coronavirus and a firmer tone&hellip;') ORDER BY score DESC LIMIT 0, 6

The oil prices, very volatile since the discovery of the new variant of coronavirus, gave ground on Wednesday in a volatile market, impatient for the outcome of the meeting of the OPEC + scheduled for this Thursday.

In New York, the barrel of West Texas Intermediate (WTI) for January it yielded 0.92%, closing at 65.57 dollars.

On his side, in London, the price of a barrel of North Sea Brent for delivery in February it lost 0.52%, ending at 68.87 dollars.

A reflection of the extreme volatility of prices since the appearance of the new variant of the coronavirus and a firmer tone of the Federal Reserve (Fed) on the inflation, the contracts got to gain 3% during the day, before yielding.

The 13 members of the OPEC they held the first of two meetings of the week on Wednesday by videoconference.

The decision on the level of production of the cartel at the beginning of next year will be known when the second meeting ends, on Thursday, which is also attended by OPEC’s allies in OPEC + merchandise.

“The arrival of the omicron variant and the fall in prices that followed increase the chances that OPEC + will choose to pause” in the recovery of production, estimates Helima Croft, of RBC.

New sanitary restrictions to control the virus threaten demand for black gold.

The Petroleum it yielded 10% from Thursday of last week.

This Wednesday the number of commercial oil reserves of the United States was also known, which decreased less than expected by analysts last week, according to figures published by the US Energy Information Agency (EIA).

During the week ending November 26, crude reserves fell by 900,000 barrels to 433.1 million barrels, while analysts expected a decline of 1.45 million barrels for that period.

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Reference-www.eleconomista.com.mx

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