Oil prices started the week with an increase, echoing the encouraging forecasts for oil demand shared by the IEA on Friday and in the absence of significant progress on the Iranian nuclear front.

Oil prices gave up some of their gains on Monday after hitting levels not seen in more than two years. Around 09:35 GMT (11:35 a.m. in Paris), a barrel of Brent from the North Sea for delivery in August was worth 73.37 dollars in London, up 0.94% compared to Friday's close. In New York, the barrel of WTI for the month of July gained at the same time 0.76%, to 71.45 dollars.

Analysts on Monday pointed to the still-present impact of data released Friday by the International Energy Agency (IEA), which predicts in its latest monthly report that global oil demand is expected to exceed pre-pandemic levels. by the end of 2022. Investors are waiting to know if the Fed will send signals implying a tightening of its monetary policy, which could have an impact on the price of the dollar, and therefore on that of black gold, denominated in US currency.