The two international references for oil, the North Sea Brent and the West Texas Intermediate (WTI), rose more than 8% this Thursday, to be placed again above 100 dollars per barrel.
The above, after Russia refused to suspend its offensive and the International Energy Agency (EIA for its acronym in English) expressed fears about the oil supply.
A barrel of North Sea Brent for May delivery ended up 8.79% at $106.64 in London. US WTI for April gained 8.35% to $102.98 in New York. The Mexican export mix gained 8.05% to $98.28 a barrel.
Oil is on track to end its second week in a row, in 2022, down. From Monday to Thursday, Brent has fallen 5.35%, WTI loses 5.81% and Mexican crude falls 6.36 percent.
However, since the Russian invasion of Ukraine began, Brent still gains 10.20%, WTI 11.69% and the Mexican mix 11.01 percent.
“Prices accelerated higher after US Secretary of State Antony Blinken said he sees no signs Vladimir Putin is ready to stop and the US fears China is considering helping Russia,” said Oanda analyst Edward Moya.
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