The rise in the price, equivalent to 0.3 percent, was attributed by operators to the possibility of a supply interruption due to a tropical storm off the US Gulf coast.

Tony Sycamore, a market analyst, estimated that the most likely impact of that weather event on the price of oil would be a day or two of power outages.

Other experts agreed that the rise in the price of WTI – the benchmark crude oil in the United States – was not greater due to concerns among investors that the Federal Reserve (FED) may need to raise interest rates more to cool the persistent inflation in the United States.

In this regard, Dennis Kissler, senior vice president of operations at BOK Finance, stated there are still concerns that demand will be reduced, especially if we see another increase in interest rates.

Meanwhile, in the London market, the barrel of Brent crude ended the session at $84.42, which meant a slight drop of six cents.

Experts commented this light crude oil, the benchmark in Europe, and WTI, completed two weeks of losses last Friday, after accumulating more than six consecutive weeks with positive results.

Several of them agreed that the attention of investors focused this Monday to a large extent on Tropical Storm Idalia heading towards Florida, the possible decisions of the FED about interest rates and the actions carried out by China to support the economy of that Asian country, one of the world’s largest consumers of black gold.

ef/oda/rs