At the end of trading on the New York Mercantile Exchange (Nymex), WTI futures contracts for June delivery gained $5.40 from the previous close.|Larry W. Smith, EFE.The price of Texas intermediate oil (WTI) lost a hefty 3.9% this Friday, to 85.61 dollars a barrel, accumulating a weekly loss of 7.58%, after closing last Friday above the psychological barrier of 90 dollars the barrel.At the end of operations on the New York Mercantile Exchange (Nymex), WTI futures contracts for delivery in November lost 3.5 dollars compared to the previous close.This is the third session that the price of benchmark crude oil in the United States has chained a drop due to fears of a recession that would affect demand, which contrasts with the strong increases last week since the intention of the countries was known. of OPEC + to reduce crude oil production by two million barrels per day.The analyst at the Oanda firm, Ed Moya, considers that the information “continues to be very pessimistic for the prospects for crude oil demand.The intense volatility of the market does not bode well for growth prospects and that has pushed up the dollar”, whose price increase also makes WTI crude more expensive against other currencies.For Moya, in addition, "the perspective of the demand for crude oil continues to have a downward momentum for the two largest economies in the world, since it seems that the US will be led into a recession by the (Federal Reserve) Fed that fights against inflation, while China probably won't have any major turnaround with its zero COVID policy."Meanwhile, November natural gas futures fell 28 cents to $6.45, and gasoline futures due the same month fell 7 cents to $2.63 a gallon.Agencia EFE is an informative company that covers all areas of information in the informative media of the written press, radio, television and the Internet.Responsible economic and financial journalismEDITORIAL CM, SAS MARTÍ Rafael Augusto Sánchez Corporate Building, Winston Churchill corner, Ensanche Piantini, Santo Domingo, RD.© 2021 ElDinero Newspaper - All rights reserved.© 2021 ElDinero Newspaper - All rights reserved.Browse and download our printed version and enjoy the most relevant and well-crafted content on economics and finance.