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Los oil prices They fell on Wednesday due to global concern caused by the relaxation of sanitary measures in China and the reopening of the Asian giant, a day after timidly rising due to tensions regarding the Russian supply.
the barrel of North Sea Brent for delivery in February it gave up 1.26%, to 83.26 dollars. While the West Texas Intermediate (WTI), for delivery in February, lost 0.71% to $78.96.
The announcement made yesterday by Moscow that it will ban the sale of oil to foreign countries that apply a price cap to Russian black gold momentarily raised crude prices.
But now it is rather the reopening of China that worries the operators.
Although Beijing has announced that it will soon lift restrictions on entry to its territory, other countries have begun to impose restrictions on travelers from China for fear of a spread of new infections.
“In the long term, the reopening of China is very promising for the oil market, but in the short term, there are a lot of sick people,” which “could turn out to be a negative factor for prices” of oil, Bill O’Grady said. , from Confluence Investment.
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