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Oil: A timid rise in prices

13/04/2021
Categories: Sectors

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For this beginning of the week, oil starts with a timid advance. Prices approached the week in small increase on Monday.

Investors returning to their main focus of attention, the balance between supply and demand for black gold, undermined by the evolution of the Covid-19 pandemic... hope is gradually returning to the black gold market.
Around 09:35 GMT (11:35 in Paris), a barrel of North Sea Brent for delivery in June was worth $63.15 in London, up 0.32%. In New York, the US barrel of WTI for the month of May gained 0.12%, to 59.39 dollars.
For Jeffrey Halley, analyst at Oanda, crude oil prices "continue to consolidate pending new elements".

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