Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Mexico

Mexican Oil Prices Surprisingly Rise

The increase result of the optimistic forecasts issued by the IEA

File photo of a worker checking valve of oil pipe at Lukoil company owned Imilorskoye oil field outside West Siberian city of Kogalym
By Administrador Whatsapp Twitter Facebook Share
2 years ago

BY VIANEY PICHARDO
The News

The Mexican oil mix reached $26.34 per barrel on Monday, its highest price in the last few days, after a sudden increase of 5.3 percent.

Compared with last week’s closing price, the Mexican oil price increased $1.40 from $24.94.

The rise also affected the international market as the U.S. crude oil WTI rose $6.20 to $31.28 per barrel, its highest in 15 days.

European oil markets closed with an increase of 5.1 percent, sending the oil price to $34.69 per barrel, or $1.70 more.

The optimistic forecasts issued Monday by the International Energy Agency boosted oil prices worldwide.

The international agency reported that in 2017 the oil supply and demand will start to balance due to a decrease in the U.S. output previsions. This reduction may help to counteract the volatility that has affected international markets since 2015.

IEA also said that the actual conditions for the oil market don’t suggest a price recovery in the short-term.

Comments Whatsapp Twitter Facebook Share
More From The News
World

Facebook to Release Russia Ads, Beef Up ...

4 hours ago
World

World Powers Rally to Defend Value of Ir ...

4 hours ago
World

Maria Destroys Homes, Triggers Flooding ...

5 hours ago
Mexico

Mexico Shocked By News: Girl Trapped in ...

5 hours ago
Most Popular

Body Found at Collapsed Mexico School; G ...

By The Associated Press
Mexico

Deathtoll Rises to 230 After Mexico 7.1 ...

By Notimex
Mexico

7.1 Magnitude Quake Kills 139 as Buildui ...

By The Associated Press
Mexico

Rescue at Escuela Enrique Rébasmen Suspe ...

By Notimex
Mexico

Semar: No Missing Child in Collapsed Sch ...

By The Associated Press
Mexico