Oil opens the week with small ups and downs on signs of higher production in the United States


    The price of a barrel of oil was negotiated today with small ups and downs in New York, after learning of an official report forecasting an increase in the production of unconventional oil and gas in the United States.

    This increase in production would serve as a buffer against the rise in prices, after the cuts announced by the Organization of Petroleum Exporting Countries and its allies (OPEC +).

    Thus, the barrel of the WTI variety fell just 0.1% and was negotiated at US$85.50, while the Brent type rose 0.1% and was agreed at US$91.70, according to figures reported by the New York Mercantile Exchange (NYMEX).

    The Energy Information Administration (EIA) detailed today that the production of unconventional crude oil in the Permian region (Texas and New Mexico) would increase by 50,000 barrels per day, while in the case of unconventional gas, 127 million meters would be contributed daily cubic.

    The report also showed that in the Eagle Ford region near Texas, 18,000 barrels per day and 91 million cubic meters per day would be achieved, while in the Bakken region in North Dakota, on the border with Canada, 22,000 barrels would be reached. daily and 33 million cubic meters daily.

    Analysts further argue that prices will remain below $100 on concerns about the Chinese economy, due to weak data and cautious comments from financial industry leaders, which put pressure on oil.

    Investors this week will be taking a hard look at data to be released by China on its economy, looking for clues as to what its demand for crude oil could be this winter and next year.

    Natural gas futures contracts for November fell 7.8% to trade at $5.95.

    Finally, gold rose 0.4% and was agreed at 1,655 dollars per ounce. (Telam)



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