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Oil prices: Brent down

10/06/2021
Categories: Index/Markets

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Brent ends at more than 71 dollars in London. Oil prices were down on Tuesday after hitting new highs the day before, with the decline in Chinese crude imports weighing more than the difficulties encountered in the Iranian nuclear negotiations. Tuesday morning, the barrel of Brent from the North Sea for August delivery was worth $71.13 in London, down 0.50% from Monday's close. In New York, the barrel of WTI for the month of July lost 0.45% to 68.92 dollars. The previous day in Asian trading, WTI hit $70.00 a barrel for the first time since October 2018, when Brent peaked at $72.27, the highest since May 2019.

According to data from Chinese customs, oil imports increased in yuan invested but the volume of imported crude oil fell sharply in millions of barrels, according to calculations by the Bloomberg agency. On the supply side, the cautious policy of increasing production by members of the Organization of the Petroleum Exporting Countries (OPEC) and their OPEC+ allies, reaffirmed at the previous summit last Tuesday, is also favorable. at black gold prices.

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