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Oil: A timid rise in prices

13/04/2021
Categories: Sectors

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At the start of the week, oil is starting with a timid advance. Prices rose slightly into the week on Monday

.

With investors returning to their main subject of attention, the balance between supply and demand for black gold, which is being undermined by the evolution of the Covid-19 pandemic... hope is gradually returning to the black gold market.
Around 09:35 GMT (11:35am in Paris), a barrel of Brent from the North Sea for delivery in June was worth 63.15 dollars in London, up 0.32%. In New York, the American barrel of WTI for the month of May rose 0.12%, to 59.39 dollars.
For Jeffrey Halley, an analyst at Oanda, crude prices “continue to consolidate while waiting for new

elements.”
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