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Oil practically unchanged. Gas prices under 100 euros

Oil continues to trade practically unchanged, at a time when a report from the American Petroleum Institute (API) shows that US crude stockpiles fell by more than 3 million barrels last week.

West Texas Intermediate (WTI) – traded in New York – lost 0.09% to 76,16 dollars, while North Sea Brent – ​​​​the benchmark for European imports – increased by 0.06% to 80,04 euro.

Despite the drop in reserves, which could put crude supplies at risk, investors are also assessing the possible impact of easing restrictions in China – the biggest oil importer crude in the world.

In the natural gas market, prices continue to devalue for the fourth consecutive day, at a time when imports of liquefied natural gas (LNG) and higher-than-usual reserves alleviate concerns about supply issues.

One-month gas contract prices traded in Amsterdam, FTT, fell by 6.3% to 99.015 euros per megawatt-hour, and were below 100 euros per MwH for the first time in a month.


Source: Journal de Negócios from www.jornaldenegocios.pt.

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