Texas oil closes with 4.3% rise on positive data on China By EFE

New York, Sep 4 (.) .- The price of Texas intermediate oil (WTI) had a sharp rise of 4.3% and closed at $ 56.26 a barrel, due to a certain relaxation of investors over the clouds in the growth of the world economy and some positive data on economic activity with China.

At the end of the live operations at the New York Mercantile Exchange (Nymex), WTI futures contracts for delivery in October totaled $ 2.32 compared to the close of the previous session.

Texas oil prices rose more than 4% after three days of losses, due to fear of a weakening world economy that still places the value of US crude well below $ 60 a barrel.

A private survey cited by the CNBC showed that activity in China's service sector expanded in August at a faster rate than in the previous three months as new orders increased.

Remember that the Asian giant is the world's second largest oil consumer and the largest importer.

In this context, the president of the United States, Donald Trump, warned on Tuesday that it would be "harder" with Beijing in a second term if the trade talks were prolonged, aggravating market fears that trade disputes between Two countries could trigger a US recession.

During the day today, the atmosphere among investors was more relaxed since all stock market indices on Wall Street were operating on Wednesday in green clearly.

On the other hand, gasoline futures contracts expiring in October, the new reference month, amounted to six cents, up to $ 1.53 a gallon, and natural gas contracts with maturity for the same month totaled just over a penny. up to $ 2.4 per thousand cubic feet.

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