While the bullish fundamentals are still present, oil is recovering. The Organization of the Petroleum Exporting Countries and their allies (OPEC+) are maintaining a cautious pace of increasing their total level of production, and are still struggling to meet their targets.

Oil prices resumed their rise on Wednesday, after a fall in prices the day before, reflecting in particular a supply of black gold which remains insufficient in the face of growing demand. Around 11:15 GMT (12:15 CET), the price of a barrel of Brent from the North Sea for delivery in April gained 0.92% to 94.14 dollars. In New York, a barrel of West Texas Intermediate (WTI) for delivery in March took 0.83% to 92.83 dollars.

On Tuesday, prices had fallen more than 4%, the largest daily decline since the end of November 2021, pushed by signs of de-escalation in the Ukraine crisis, as Russia announced the start of a withdrawal of its troops massed on the border. with Ukraine.