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Oil: Prices continue to rise

16/04/2021
Categories: Sectors

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Oil continues to rise after good economic news in the United States. This Thursday, prices are settling at their highest level in a month.

After solid US indicators and the day after a jump linked to a significant decline in crude inventories in the United States, the barrel of Brent from the North Sea for delivery in June ended at $ 66.94 up 36 cents or 0.54% in London. In New York, the US barrel of WTI for the month of May ended at $ 63.46 up 31 cents or 0.49%.
According to Phil Flynn of Price Futures Group, consumption recorded explosive data that drove oil prices higher. Prices, which were falling at the beginning of the session recovering from gains of nearly 5% the day before, started to rise again after the salvo of good American indicators. U.S. retail sales jumped almost 10 percent in March.

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