Brent crude futures gained 13 cents to 62.72 dollars per barrel, while WTI futures lost 10 cents to 59.19 per barrel.
The Solomon Brokerage Firm, Author at The Solomon Brokerage Firm | Energy & Commodities - Page 2 of 2
Mexico said on Tuesday it is on track to normalize its iron ore exports from a key port on the coast of the violent state of Michoacán, which had been interrupted since 2013 by the presence of a criminal organization.
Given that Michoacán is the largest producer of the mineral in Mexico, the offer is very attractive for Chinese merchants; Negotiations between the cartel and the producers were carried out at the Lázaro Cárdenas port.