With the market digesting the combined effect of an increase in OPEC+ supply and renewed threats to demand as the Delta variant spreads, black gold prices floated on Tuesday. .

In the aftermath of a heavy fall, oil prices soar. Around 09:40 GMT (11:40 CET), a barrel of Brent North Sea crude for September delivery was worth $68.83 in London, up 0.31% from Monday's close. In New York, the barrel of WTI for August, which is the last day of trading, gained 0.63%, to 66.84 dollars. The WTI indeed suffered its worst day of the year on Monday, falling 7.50%, caught in the whirlwind of an increasing supply of black gold and the return of threats to demand. Brent was not left out, losing 6.75% on the day, its worst performance since March 18. The two benchmark contracts wiped out a month and a half of gains in a single day. After two weeks of blockage, the members of the Organization of the Petroleum Exporting Countries (OPEC) and their ten allies via the OPEC+ agreement finally agreed on Sunday on a gradual increase in production, until September 2022. agreement provides that the twenty-three members of the OPEC + group increase their production by 400,000 barrels per day each month from August.