The oil market shows significantly higher prices. Casually, crude prices have already climbed by around 40% since the start of this year, which is a huge difference for many companies who have to deal with the costs of oil derivatives. he key event of the week on the markets is the continued rise in oil prices. In New York, the barrel of WTI for the month of July climbed, Friday, June 4, to 69.62 dollars, an increase of 81 cents or 1.17%, to reach a peak since mid-October 2018. The barrel North Sea Brent crude for August delivery soared to $71.89 in London, up 58 cents or 0.81% from the close on Thursday, June 3.

Black gold prices seem to be supported by a favorable economic context, with oil demand starting to recover, an acceleration of vaccination campaigns in many countries and an adapted supply thanks to the collective effort of OPEC and its allies, united since the end of 2016 by the OPEC+ agreement. Rystad Energy's Louise Dickson believes strong oil prices are not going away anytime soon, buoyed by supply discipline within OPEC+ and excitement over the prospect of stronger demand this summer.