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Oil The barrel of Brent above the threshold

02/02/2021
Source : ORISHAS FINANCE
Categories: Sectors

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Brent oil accelerated its rise in February. A barrel of North Sea Brent for delivery climbed +2.38%. A barrel of North Sea Brent gained $1.31 or +2.38% from Friday's close at $56.35. In New York, the US barrel of WTI for the same month climbed 1.35 dollars or +2.58% to 53.55 dollars. This is explained both by the evolution of Saudi production but also by the decline in American oil stocks. Earlier this year, Saudi Arabia, leader of the Organization of the Petroleum Exporting Countries (OPEC), announced that it would start its own production quota in February and March, up to one million barrels. per day.

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