Price of Ecuadorian Oil is almost $ 100 a barrel

A crude barrel of West Texas Intermediate (WTI), a reference for Ecuador, rose $ 1.61, to close yesterday at $ 99.60 on the New York Mercantile Exchange (Nymex).

The Ecuadorian oil prices are added with a premium in the international market, ie a higher price than WTI.

According to the Central Bank of Ecuador, from January to April, the price ranged at $ 98.4 per barrel, although the trend has been downward since last February, when it reached a peak of $ 100. The value that has remained means good news for the finances of Ecuador, whose development budget depends largely on the oil business.

Ecuadorian Oil price is currently high.