The prices of the Petroleum they rose on Monday, in the last week of the year, after a trading day with few exchanges, which amplified the rise.
The barrel of Brent of the North Sea for delivery in February gained 2.88% closing at 78.60 dollars, 2.20 dollars more compared to Friday.
In New York, the barrel of West Texas Intermediate (WTI) for delivery on the same date advanced 2.41% to $ 75.57 compared to its last value on Thursday, with the market closed on Friday.
“We are in the holiday period with a low volume (of transactions), which explains the volatility of prices at the moment,” said Matt Smith, head of oil analysis at specialist data provider Kpler.
Prices, much lower at the beginning of the session, took off with the impulse of Wall Street.
Traders are preparing for the release of crude inventories next Wednesday, with expectations to the downside, which is a good sign for demand and favorable to prices.
“We saw big exports come out of the United States last week, so we should see a decrease in reserves,” Smith said.
Experts expect crude inventories to fall another 2.4 million barrels after falling 4.7 million in the prior week.
“The market has also been boosted by the dynamism of the stock market despite the commotion in the travel sector and the spread of the Omicron variant,” added the Kpler analyst.
Thousands of flights They were canceled over the weekend and even on Monday due to the shortage of flight crew personnel, part of which went into quarantine for positive cases of Covid-19.
“In spite of everything, the market consoles itself with the fact of not having confinements or restrictions, when it was what was feared,” concluded the specialist, citing the United States and the United Kingdom where the virus is spreading rapidly.
“That sends a kind of positive message,” he concluded.
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Reference-www.eleconomista.com.mx