Mexican blend exceeds $70 per barrel; highest level since September 2018

501

Mexican crude kept pace with the main international blends and posted record earnings.

The Mexican export mix closed this Friday at a price of 70.2 dollars per barrel, something that had not happened since September 2018, when Mexican crude was priced at 71 dollars per barrel.

So far this year, the Mexican mix has gained 51.9 percent.

The prices of the main oil blends closed for the fifth consecutive week with gains, leading the WTI to reach a new annual high of 74.25 dollars per barrel, not seen since October 10, 2018. Meanwhile, Brent touched a high of $ 76.21 not seen since October 31, 2018.

Behind the appreciation of energy was the depreciation of the dollar. In addition, the signs of economic recovery at a global level stimulate the demand for oil, which benefits from an improvement in the global industry.

“The signs of economic recovery at a global level, stimulate the demand for oil, which benefits from an improvement in the global industry,” according to Banco Base.

Source: elfinanciero.com.mx

Mexico Daily Post