Brent has appreciated by almost 50% since the beginning of the year, thanks to a strong recovery in the market after the pandemic shock. Now the offer is scarce but for OPEC + the road is not downhill, because the future still holds too many uncertainties
by Sissi Bellomo
(EUDPic – stock.adobe.com)
It was since 2009 that oil prices hadn’t raced that much. The first half of the year ended with an increase of almost 50% for Brent, which on the eve of the umpteenth Opec Plus summit traded at its highest for over two years, above 75 dollars a barrel: prices that no one would have bet to see again. so soon after the shock (still not completely overcome) of Covid and which do not seem the result of speculation but of an exceptional recovery of the fundamentals.
