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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAll eyes are now on the OPEC+ meeting to be held on March 4. Brent has crossed the 66 dollar mark. The prices of black gold have asked for a breather. The barrel pauses. It recorded two consecutive sessions of decline.
A barrel of Brent from the North Sea for delivery in April, which was the last trading day, posted 66.13 dollars in London, registering a loss of 75 cents compared to the previous day's close.
The US barrel of WTI for the same month fell more heavily. It fell $2.03 to end at $61.50.
"The future evolution of prices on the oil market will depend not only on the evolution of demand, but also, to a large extent, on the decisions taken by OPEC and its allies," said Eugen Weinberg of Commerzbank.
Robert Yawger of Mizuho USA estimates that "we could very well end up theoretically next week with the prospect in April of an additional production of up to 1.5 million barrels per day".
All eyes are therefore on the meeting of the Organization of the Petroleum Exporting Countries (OPEC) and their OPEC+ allies to be held next week, on March 4. This meeting would be a harbinger of a “easing” of OPEC+ supply reduction measures.
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