The price of West Texas Intermediate oil (WTI), which serves as a benchmark for Ecuador, rose 2% yesterday, ending at $ 51.53 a barrel. The Department of Energy of the United Sates announced an increase in crude stocks of 10.3 million barrels.
Thus, inventories again exceeded the highest level of oil reserves in 84 years.
Saudi Arabia yesterday announced it will rise a dollar in price of a barrel of crude exports to the US and will rise $ 1.40 the barrel in the sales price to Asia. This rise in crude oil matches the accountability of the public company Petroecuador: the country reduced its utility by selling oil at $ 1.601 million.