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Oil: declines after recording, but could rise to $90 – last hour

Posted by

Wynne Dinwiddie

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(ANSA) – Rome Jan 23 – Crude closed lower on Friday (WTI -0.48% at $85.14 a barrel and Brent -0.55% at $87.89 a barrel) but the uptrend does not appear to be over. In fact, the black gold reached a new high ($87.21 and Brent crude $89.84) last January 19 on the wave of an unexpected increase in US weekly inventories (+1.4 billion barrels vs. -1, 36 billion expected), which was released a day later. One. For the holiday last Monday, after the normal profit taking by investors, who decided to monetize the gains.

Since October 2014, crude oil has not crossed the threshold of $87 (WTI) and $89.8 (Brent), and according to analysts it could continue to rise, provided that injuries from Covid 19 do not slow it down again. Race. In particular, for this year, the operating room figure for Brent crude is between $80 and $90 a barrel, while WTI will remain a little lower as always. (Dealing).

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