This text has been automatically translated, it may contain errors or inaccuracies.
THE OIL MARKET
Favorite
Remove from my list

Brent's barrel went up 6.76 percent on Monday, but it went down and went down from $100

During the day, it's been around $120 a barrel, so G7 ministers have met and expressed their readiness to take action and release their reserves.

Roza los 1,36 euros por litro de media en junio, un nivel nunca visto desde octubre de 2014, pese a que entonces el coste del petróleo era un 37% más caro que en la actualidad.
Gas station.

The price of a barrelof Brent oil for delivery in May has risen 6.76% this Monday as a result of the conflict in the Middle East. The market has fallen sharply throughout the day.

Brent oil, a reference in Europe, has reached more than $118 in the morning at the Intercontinental Exchange in London (ICE), reaching an unseen level since 2022, when Russia invaded Ukraine.

In the middle of the afternoon, the ministers of the G7 countries have shown their willingness to take "all necessary measures", including recourse to strategic reserves, and the price of Brenta has been losing strength. 98.96 has stagnated at market closure, but after the end of the trading dayit has suffered a further decline, to $84.50, and then stabilised around $90.

The reason for these latest moves has been US President Donald Trump's statements that the war with Iran is "almost over," and investors have breathed a little.

On the other hand, Texas intermediate oil (WTI) has also fallen on Monday and the barrel has fallen to $85, after exceeding $100 over the weekend. At the end of the session, prior to the US president's statements, WTI's contracts for delivery in April werearound $94.77 per barrel.

As a result of the war in the Middle East and the closure of the Strait of Hormuz, through which one fifth of the maritime fuel traffic passes, fear of a cut in supply has spread and is having a major impact on the price of black gold. 

Trump himself has said in an interview with CBS that he plans to "take control" of the Strait of Hormuz. On the other hand, French President Emmanuel Macron has also announced that the international defense mission to gradually open Ormuz is underway.

You might like

18:00 - 20:00
LIVE
From  min.

The Basque Government sees "some comfort" in the health negotiations and fears the consequences for assistance

The Health Adviser, Alberto Martínez, has warned of the difficulties that the situation creates for patients and citizens and has called for greater responsibility on the part of the parties involved. He has acknowledged that he has no information or participation in theongoing negotiations. He has warned that this situation is creating uncertainty and difficulties for patients and the care system.

Load more