Oil prices ended higher on Tuesday, calmly welcoming the announcement of a limited increase in production from countries subject to the OPEC + agreement.
In New York, a barrel of West Texas Intermediate (WTI) for delivery in February gained 1.19%, to close at US $ 76.99.
On its side, in London, a barrel of Brent from the North Sea for delivery in March closed with a rise of 1.29%, reaching exactly US $ 80.
This is the first time since November 25, a day before the omicron variant of coronavirus was identified, that Brent ends a session at $ 80 or more.
After their meeting, the members of the Organization of the Petroleum Exporting Countries (OPEC), and their allies of the OPEC + agreement, maintained the course marked in July of a monthly increase of 400,000 barrels per day.
This moderate increase worries the market less since many operators expect that “the group will produce less than the 400,000 additional barrels that it announces”, reacted the analysts of TD Securities.
“The market has the feeling that we are not going to see a lot of additional oil,” estimated Michael Lynch, president of Strategic Energy & Economic Research (SEER).
Traders are now aware of the report on the state of oil stocks in the United States, due to be released on Wednesday.
Analysts are forecasting a sharp fall of 3.6 million barrels for the week ending Dec. 31, according to the Bloomberg news agency. This would be the sixth consecutive decline.
AFP
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