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Oil: WTI gains 5% and regains 50 dollars, a first since February

05/01/2021
Source : Agence France Presse ECOFI
Categories: Index/Markets

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The price of oil in New York, the WTI, found Tuesday for the first time since February, before the shock of the pandemic, the threshold of 50 dollars per barrel, the market anticipating an agreement of OPEC + on the production of the month next.

Around 4:05 p.m. GMT (5:05 p.m. in Paris), the barrel of WTI for the month of February took almost 5% compared to Monday's close, at 49.94 dollars, a few moments after touching 50.05 dollars. That of Brent from the North Sea for delivery in March gained 4.33% in London, to 53.30 dollars.

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