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Find all the economic and financial information on our Orishas Direct application to download on Play StoreCaught in the headwinds of a market that is expected to tighten sharply in the coming months with production cuts in exporting countries, and fears of a consumer recession, oil prices were still stagnant on Friday.
The barrel of West Texas Intermediate (WTI), for delivery in May, gained 0.24% to $82.36, while a barrel of Brent from the North Sea for delivery in June took 0.22% to 86.28 dollars, around 09:30 GMT (11:30 CET). According to analysts at DNB, “OPEC expects a highly undersupplied market in the second half of 2023, but is reducing production starting in May.”
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