Barrel of oil reaches 88 dollars
The Brent indicator, a mostly European reference, was approximately at this figure, something it had not done since 2014
The price of a barrel of Brent quality oil, a reference for Europe, rose this Tuesday to almost reach 88 dollars, due to less concern about the impact on demand of the omicron variant and the tensions in the Middle East and Eastern Europe , complicating central bankers’ expectations of an upcoming easing of inflationary pressures.
Specifically, the price of a barrel of Brent crude oil was trading at $87.97 this Tuesday, compared to $86.06 at the close of yesterday’s session, which represents the highest cost since mid-October 2014.
On his side, the price of a barrel of West Texas Intermediate (WTI) oil reached a maximum of 85.66 dollars, compared to 83.82 dollars of the last closing.
So far this year, a barrel of Brent has risen in value by 11%, while WTI crude, the reference for the United States, has become almost 14% more expensive.
Source: dpa
