Two days before the OPEC+ summit, oil remains feverish. Prices fell on Tuesday and investors remain cautious.

A barrel of Brent from the North Sea for delivery in May fell 1.55% in London compared to the previous day's close, at 62.70 dollars. WTI's US barrel for April fell 1.49% to $59.75. It thus fell back below the symbolic bar of 60 dollars for the first time in ten days.

The sector recorded these declines two days before the summit of the members of the Organization of the Petroleum Exporting Countries (OPEC) and their OPEC+ allies.

Gain Capital analyst Matt Weller explains that Saudi Arabia would like to maintain current production cuts until at least April while Russia and its allies push to release an additional 1.5 million barrels per day to the market. , satisfied with the current prices and in order to "meet the increased demand" driven by the vaccination campaigns which are progressing around the world.