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For oil, Suez is not at the center of market fears

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analysisTensions on crude oil

Volatile prices, in view of the Opec Plus summit and with the increasingly frequent attacks in Saudi Arabia. There is also nervousness about the blockade of the Egyptian canal, which today is less important than in the past for the export of crude oil

by Sissi Bellomo

(Reuters)

It is not just Suez that is the source of the nervousness on the oil market. Barrel prices returned to tension, registering a rise of 4% in the session on Friday 26. But to relaunch purchases – which brought Brent back to close to 65 dollars – yet another attack by the Houthis in Saudi Arabia also contributed. which sparked flames in an oil depot in Jizan. In addition, there was the pull of the stock exchanges, rising sharply, while the dollar weakened at the same time.

Negative closing for the third week

The extreme …

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