Texas oil opens slightly 0.06% lower to .36 a barrel

Texas oil opens slightly 0.06% lower to $89.36 a barrel

New York, Aug 16 (Globe Live Media).– The price of Texas intermediate oil (WTI) opened this Tuesday with a slight drop of 0.06% and stood at 89.36 dollars a barrel, thus continuing with the losses generated by concerns about demand in China, the world’s largest crude importer, which yesterday pushed black gold below $90 a barrel.

At 0900 New York local time (1302 GMT), WTI futures contracts for September delivery were down 5 cents from the previous session’s close.

Oil prices were affected this week by poor economic data from the main buyer of crude, China.

In addition, the energy market is very attentive to a deal that could allow more Iranian oil exports.

Iran considers the agreement that limited its nuclear program to be almost closed in exchange for the lifting of economic sanctions, but insists that there are still fringes and asks the United States for “flexibility”.

Before midnight, the Iranian authorities responded to the proposal presented by the European Union (EU) to save the 2015 nuclear pact and expect a reply in two days, Iranian media reported Tuesday.

For its part, the European Commission (EC) is already evaluating, together with the rest of the participants in the negotiation of the Iranian nuclear agreement, Tehran’s response.

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