Despite the postponement of the OPEC+ summit, oil remains at a high level. Oil prices accelerated significantly on Thursday, supported by hopes of a moderate increase in production by OPEC member countries and their allies, as well as by the decline in crude inventories in the United States.

The market was waiting for news from the summit, scheduled for Thursday, of the Organization of the Petroleum Exporting Countries (OPEC) and their allies, with which they form OPEC+. But the meeting was finally postponed until Friday, a first technical meeting having failed on Thursday. Prices reacted little to the announcement of this adjournment, with the barrel of WTI remaining above the $75 threshold, which it had crossed a few hours earlier for the first time since October 2018. North Sea Brent crude for September delivery ended at $75.84, up 0.94% or $1.22 from the previous day's closing price. In New York, a barrel of WTI for August delivery rose significantly more, gaining 2.39% or 1.76 dollars to 75.23 dollars. Prices also remained supported by the continued decline in commercial crude reserves in the United States, down for more than a month and at their lowest since 2020.