The International Energy Agency (IEA) released a report highlighting the strong recovery in demand for black gold last month. After this publication, oil returns to the uptrend.

Oil prices were moving forward on Tuesday. At around 10:10 GMT (12:10 CET), a barrel of Brent North Sea crude for September delivery was worth $75.57 in London, up 0.55% from the previous day's close. In New York, the barrel of WTI for August gained 0.53%, to 74.49 dollars. According to the International Energy Agency, global oil demand continued to grow in June with the economic recovery to now reach 96.8 million barrels per day. However, supply, at 95.6 million barrels per day, is lower, leading to a favorable deficit situation for crude prices. The oil-exporting countries (OPEC) and their ten allies via the OPEC+ agreement did not succeed last Monday, after already several successive postponements, to agree on their production levels from August, leaving the market wary.