Crude prices closed on a positive note this Monday, after having fluctuated during the first session of the year, just before the OPEC + meeting.
A barrel of Brent from the North Sea for delivery in March gained 1.54% to US $ 78.98. While in New York, a barrel of West Texas Intermediate (WTI) for delivery in February increased by 1.15%, to US $ 76.08.
On the eve of a new meeting of oil-producing countries (OPEC) and their allies through the OPEC + agreement, observers expect the course set to be maintained in May 2021, with a gradual increase in production of only 400,000 barrels. newspapers.
A day before this meeting, OPEC lowered its estimate of world oil market surplus for the quarter. The operators saw in this a sign that the cartel and its allies will continue with a modest increase in production.
Last year, the price of crude oil soared, achieving its best gains in 12 years, while vaccination allowed the world’s economies to restart, increasing the demand for hydrocarbons.
In 2021, the price of Brent grew by more than 50% and that of WTI by more than 55%, driven by the return in demand and the end of sanitary restrictions at the beginning of the year.
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