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New York oil price gains 5% to regain $ 50, first since February

The price of oil in New York, the WTI, on Tuesday for the first time since February, before the shock of the pandemic, found the threshold of 50 dollars a barrel, the market anticipating an OPEC + agreement on the production of the month next.

Around 4:05 p.m. GMT (5:05 p.m. in Paris), a barrel of WTI for February was up nearly 5% from Monday’s close to $ 49.94, moments after hitting $ 50.05. That of Brent from the North Sea for delivery in March gained 4.33% in London, to 53.30 dollars.

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