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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 reached their highest level in a month

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After strong American indicators and in the wake of a jump linked to a significant drop in crude stocks in the United States, the barrel of Brent from the North Sea for delivery in June finished at 66.94 dollars, up 36 cents or 0.54% in London. In New York, WTI's American barrel for the month of May reached 63.46 dollars, up 31 cents or 0.49%.
According to Phil Flynn, of Price Futures Group, consumption has recorded explosive data that has driven oil prices up. Prices, which fell at the start of the session recovering from gains of almost 5% the day before, have picked up again after a burst of good American indicators. Retail sales in the United States jumped by almost 10% in March.

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