Texas crude rises 0.86% and closed at $102,24 per barrel

Texas oil climbed today 0.86% and closed at 102,24 dollars per barrel influenced by the escalation of tension in two producing countries such as Nigeria, which could affect the world of crude oil supply and Iran

At the end of the second day of the week at the Mercantile Exchange in New York (Nymex), futures contracts of the intermediate Texas oil (WTI) for delivery in February, of nearest maturity amounted to 88 cents at the close on Monday.

The price of "black gold" was pressed upwards by the situation in Nigeria, the largest producer of crude oil in Africa and for two days live a general strike precisely to denounce the increase in the price of fuel after the withdrawal of a subsidy from the Government.

The country is paralyzed, and thousands of people have taken to the streets once the cost of a liter of gasoline has soared of 0.4-1.3 $.

A. turn, oil u000astill more expensive with the threat of Iran, the fourth world oil producer, to close the Strait of Hormuz if West approves new sanctions against the Islamic Republic over its nuclear program.

The France Foreign Minister, Alain Juppé, said today in the respect that it is possible to impose an oil embargo to Iran, which would be offset by an increase in production by other Nations.

Juppé did not reveal, however, what countries in particular are willing to take that commitment if Tehran blocks the entrance to the Persian Gulf or interrupts its own supply.

These factors also influenced the price of gasoline contracts maturing in February, which they added 2 cents and were at $2.77 per gallon (3.78 litres).

For its part, orders for diesel fuel for heating also for delivery this month advanced 3 cents and closed at 3.1 dollars per gallon.

On the contrary, u000acontracts maturing in February natural gas fell 7 cents and ended the session at $2.94 for gallon

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