The thirteen members of OPEC and their ten allies via the OPEC+ agreement will meet on Thursday to decide on their production levels from August. In the meantime, oil prices broke new records for more than two and a half years on Monday before returning to equilibrium, three days before the highly anticipated summit of the Organization of the Petroleum Exporting Countries (OPEC) and his allies.

Brent and WTI touched $76.60 and $74.45 during the Asian session, a first since October 2018. Around 09:30 GMT (11:30 a.m. in Paris), the barrel of Brent from the North Sea for August delivery was worth $76.18 in London, perfectly flat from Friday's close. In New York, the barrel of WTI for the same month gained a timid 0.08%, to 74.11 dollars.

The International Atomic Energy Agency (IAEA) announced on Friday that it had not received a "response" from Iran on a possible extension of the temporary arrangement on nuclear inspections which has just expired, which complicates the negotiations still ongoing. The United States and France warned in the wake that time was running out to save the agreement on the nuclear program.