Brent barrel returns above $ 60 09/02/2021
The barrel of London oil ended Monday, February 8 above 60 dollars for the first time in a year, a sign of an optimistic market on a strong recovery in consumption. “We can consider that the world oil market is now completely back to normal, at least with regard to prices,” commented Bjarne Schieldrop, Seb analyst.
North Sea Brent for April delivery ended at $ 60.56 (+ 2.06%). It had not closed above the symbolic threshold of 60 dollars since the end of January 2020. The European benchmark began a vertiginous fall a month later when the Covid-19 epidemic began to spread across the world, threatening in particular the transport sector. In April, Brent fell to $ 15.98 per barrel, a price not seen for more than twenty years, when its US counterpart WTI was trading at a negative price, a first.
The barrel of WTI for March, listed in New York, also ended up on Monday, at 57.97 dollars (+ 1.97%), its highest closing price since the end of January 2020.