13.5 C

El Salvador’s benchmark crude oil rises again, surpassing $90



El Salvador is a net importer of oil, with more than 80% coming from the United States.

El Salvador is a net importer of oil, with more than 80% coming from the United States.

Oil prices also recorded gains on Friday, but remained supported by supply shortages as indicators reported good news on demand in China and the United States.

Brent crude oil for November delivery rose 0.24% to $93.93 per barrel. It was previously at $94.63, close to the $95 symbolic threshold.

Meanwhile, the price of West Texas Intermediate (WTI), which expires in October, rose 0.67% to $90.77.

Since the end of August, WTI has experienced 13 positive sessions in 16 trading days, with the price increasing by 15%.

For Oanda’s Edward Moya, black gold continued to rise on Friday thanks to US and Chinese indicators.

China’s industrial production and retail sales in August exceeded economists’ expectations.

In the United States, the Federal Reserve announced that industrial production rose 0.4% in August from the previous month, beating economists’ expectations of 0.1%.

Source: Diario.Elmundo

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