Oil price falls closing at $ 48.29

The cost of a barrel of light sweet crude (WTI) for delivery in April, reported a loss of $ 1.71 in the New York Mercantile Exchange (Nymex), which would mean more than 3%, reference price for Ecuadorian exports. Meanwhile, in London, a barrel of Brent North Sea fell $ 2.14, at the Intercontinental Exchange (ICE).

The commercial crude oil stocktakings in the US fell last week for the first time in two months, said the American Petroleum Institute (API).

In addition, in Saudi Arabia, King Salman Ben Abdel Aziz pledged yesterday to minimize the effects of the falling of oil prices.