The West Texas Crude (WTI) New York market closed positive tonight (25 Jan), boosted by a report that. Iraq plans to cut oil production in January and February. And news of the suspension of oil exports at several ports in Libya. Investors, meanwhile, keep an eye on the US crude stock report, scheduled for release on Wednesday.
WTI crude oil contract for delivery in March It rose 50 cents, or 1 percent, to $ 52.77 a barrel.
Brent crude oil contract (BRENT) for delivery in March. It rose 47 cents, or 0.9 percent, to $ 55.88 a barrel.
Crude oil
สมัครสมาชิก slotxo contracts rebounded after it was reported. Iraq plans to produce 3.6 million barrels of oil / day in January and February. That is below the 3.86 million barrels / day level allowed to be produced under an agreement by the Petroleum Exporting Countries (OPEC) and the National Organization of Or OPEC Plus
At the same time it is reported that Libya's Petroleum Conservation Corps has suspended all oil exports from Raslanaf Port, Es Cider Port. And Port of Hakira Due to a dispute about payment
However, the oil market has been pressured by concerns that President Joe Biden may have to cut the limits on the stimulus to be approved by Congress. After many members of Congress, both Republicans and Democrats, criticized it. And questioned the necessity of President Biden's $ 1.9 trillion stimulus package.
Investors watched the release of US crude stock figures from the US Government Energy Information Administration (EIA) tomorrow at 10:30 PM ET.