The price of Brent crude barrel has experienced a remarkable increase this Mondayexceeding 71 dollars, Marking its highest level since the beginning of March. This increase occurs in the midst of the military operation carried out by the United States against the Hutis in Yemen during the weekend, as well as the recent warnings of President Donald Trump to Iran, the main support of Yemeni militiamen.
Impact on the oil market
Brent oil futures, used as a reference in Europe, has registered an increase of 1.7% compared to the closure of the previous week, reaching A maximum intradic of $ 71.79. On the other hand, the price of the West Texas Intermediate (WTI) raw, reference in the United States, has risen almost 1.8%, standing at $ 68.37, its highest level since the beginning of March.
Donald Trump statements
Through his account in the social Truth Network, Donald Trump has issued a message in which he promises a blunt response to possible retaliation attacks by the Hutis rebels of Yemen. The former president said that any action of this group will be attributed to Iran, warning that this country will «suffer the consequences.»
Called to the collaboration of oil -producing countries
Donald Trump has repeatedly expressed his desire that oil -producing countries work together to reduce crude oil prices, with the aim of facilitating the process of disinflation at the global level and allowing central banks to cut interest rates.
Historical perspective
Despite the recent rebound in oil prices, it is important to highlight that the current value is maintained below the levels observed in the past. For example, Brent barrel came to quote $ 80.79 in the session prior to Trump’s possession, while WTI closed at $ 77.88 at the same time.