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Find all the economic and financial information on our Orishas Direct application to download on Play StoreLimited by the health situation in India which raises fears for the country's demand for black gold, oil prices advanced timidly on Monday. "Indian demand remains weak as the coronavirus takes its toll and a storm hits the west coast of the subcontinent," said Phillip Futures analyst Avtar Sandu. Around 09:30 GMT (11:30 a.m. in Paris), a barrel of Brent from the North Sea for delivery in July was worth 68.88 dollars in London, up 0.25% compared to Friday's close. In New York, a barrel of WTI for the month of June gained 0.32%, to 65.58 dollars.
At a peak in 2019, before a decline in 2020 under the effect of the pandemic, India consumed more than 5 million barrels per day, which placed it in third place behind the United States and China, after figures from oil giant BP.
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