The price of barrel of oil this Thursday again surpassed the 100 dollars (approximately one thousand 740 pesos Mexicans) and the main stock exchanges operate with losses for the prudence of the investors about the truce between USA e Iran.
Barrel prices:
- West Texas Intermediate (WTI), rose 6.41% to $100.46
- North Sea Brentreferring worldadvanced 3.94% to $98.48.
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Los prices of the oil and the gas plummeted Wednesday after the announcement of cease-fire of two weeks between Washington y Tehran.
The truce raised expectations of the reopening of the Strait of Hormuz, a key avenue for transit world of hydrocarbons.
But caution was imposed again after Iran would propose that a truce in he Lebanonwhich remains low bombings of Israelis one of its “essential conditions” for the negotiation with USA.
“Oil prices are likely to remain elevated and volatile until a more permanent agreement is reached between all parties,” said Aarin Chiekrie, an analyst at Hargreaves Lansdown.
Operators are waiting for a real reassignment of the transit of ships through the strait Hormuz.
It is worth mentioning that previously Iran announced alternative routes this Thursday due to the possible presence of “mines.”
Affects to the world stock market
The index Nikkei of the Stock Exchange Tokio closed with a drop of 0.73%, the Kospi South Korean fell 1.65% and Hong Kong closed with losses of 0.39%.
In Europa The trend was confirmed and the Stock Market Paris fell 0.71%, Frankfurt gave up 1.4%, London 0,25%, Milan 0,07% y Madrid 0,67%.
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The trend continued in Wall Street:
- Dow Jones fell 0.37%
- Nasdaq rose 0.06%
- S&P 500 fell 0.10%
Kathleen Brooksresearch director of XTBnoted that “optimism regarding a cease-fire he faded away Thursdaysince the news coming from Iran they gave a negative turn”.
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