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Texas oil maintains its price and closes at $ 72.61 a barrel

New York, Sep 16 (EFE) .- The price of intermediate oil from Texas (WTI) closed this Thursday without variation compared to the day before, at $ 72.61, after a day that began with losses and went for the better.

According to data at the end of trading on the New York Mercantile Exchange (Nymex), WTI futures contracts for October delivery did not rise or fall from the previous close.

Benchmark US oil rose 3% on Wednesday after good weekly inventory data and managed to maintain that level despite sales this morning.

The US Government revealed a drop of 6.4 million barrels of crude compared to the expected 3.5 million, which took inventories to minimum levels not seen since September 2019.

Experts point out that production continues to recover slowly after Hurricane Ida and that the market is now aware of the impact of Tropical Storm Nicholas in the south of the country.

According to the latest data, about a third of the oil and gas supply on the US coast of the Gulf of Mexico remains paralyzed by Ida, while Nicholas has caused minor damage.

“Nicholas avoided further production disruptions in the US and it is difficult to see how prices could increase further in the short term,” Rystad Energy analyst Nishant Bhushan said in a note.

On the other hand, while supply is tight, both the International Energy Agency and OPEC have revised up their demand forecasts for 2022.

Meanwhile, natural gas for October delivery took a breather today after rising to its highest in seven years on Wednesday, cutting almost 13 cents to $ 5.34 per thousand cubic feet.

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