Following the announcement of production cuts by several major exporting countries, the barrel of Brent from the North Sea reached 85 dollars.
New tensions on the oil markets. In the aftermath of the surprise announcement by several major exporting countries of a drastic reduction in their production from May, the prices of black gold jumped on Monday. At 5:50 p.m. Paris time, Brent from the North Sea, the European benchmark for crude, soared 5.86% to 84.56 dollars, and that of American WTI by 6.41% to 80.52 dollars.
For black gold, it is a sudden outbreak of fever, after Brent fell to less than 73 dollars a barrel in mid-March, its lowest level in two years. It has since struggled to get back above 80 dollars. Such a surge raises many questions: will a barrel at 85 dollars be a lasting reality? Could he go higher? What impact at the pump?
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