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Price market: Oil prices move in dispersed order on Tuesday

17/02/2021
Categories: Index/Markets

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Oil prices remain at their pre-COVID-19 levels. After reaching new records the day before, Brent and WTI are moving in dispersed order on Tuesday.

The market monitoring the progress of the vaccination campaigns against Covid-19 and the freezing cold which hits the United States disperse the prices of Brent and WTI.
Around 10:45 a.m. GMT (11:45 a.m. in Paris), a barrel of Brent from the North Sea for delivery in April lost 0.21% in London compared to Monday's close, at 63.17 dollars. The US barrel of WTI for the month of March gained at the same time by 0.61% to 59.83 dollars.
The WTI crossed for the first time in more than a year the symbolic bar of 60 dollars, a week after the Brent.
Phillip Futures analyst Avtar Sandu said, "Crude oil bulls are starting to show signs of fatigue despite the shutdown of several US refineries as freezing cold grips Texas."

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