[size=36]The decline in oil prices and Brent settled at $ 65.09 a barrel[/size]
[You must be registered and logged in to see this link.]
Oil prices fell, Monday, with the spread of the Corona virus in India, the third largest consumer of oil in the world.
Brent crude fell to settle next June by 0.50%, to reach $ 65.09 a barrel.
US crude for the month of June, decreased by 0.45%, to reach $ 61.85 per barrel.
The United States and China are recovering strongly from the epidemic and there are some positive signs from Europe, but the market is facing headwinds from the virus outbreak in India. That could pose a problem for the OPEC + alliance, which has agreed to start adding more supplies from May.
Oil's strong start to the year faltered in mid-March as some regions began to see a resurgence of the virus, although prices are still almost 30% high in 2021, and OPEC + is scheduled to hold its meeting on Wednesday to assess the oil market.
Despite the challenges posed by the Indian crisis, there are signs of a broader recovery. The CEO of Schlumberger, the largest oilfield contractor, expected global oil demand to return to pre-epidemic levels by the end of next year, if not earlier, while The Chinese economy continued to boom in April from record first quarter growth. Ended 29 / p4