NEW YORK, April 22 (EFE).- The price of Texas Intermediate (WTI) crude oil on Monday closed 0.14% lower, at $83.02 per barrel, after Iran ruled out an escalation in its conflict with Israel.
At the end of the New York Mercantile Exchange (NYMEX) session, West Texas Intermediate crude futures for May delivery fell by $0.12 compared to Sunday's close.
Iranian Foreign Minister Hossein Amir Abdollahian announced last Friday to the American NBC network that his country does not plan to respond to the attack launched by Israel last Friday.
After his words, the fear among operators of a broader war between Israel and Iran has diminished, so analysts believe that the crude oil market is likely to once again focus on the development of supply and demand.
Tamas Varga, an analyst at the oil company PVM, today noted in a note that a “prolonged” recovery in the price of black gold will only occur in the event of a “blockade” of the Strait of Hormuz (near the oil-rich Persian Gulf). Or the direct involvement of Saudi Arabia in the Middle East conflict.
In other markets, natural gas contracts for delivery in May rose 2.11% to $1.79 per thousand cubic feet, and gasoline contracts due in the same month fell 0.82% to $2 per gallon. Evie
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