New York, Friday, January 8, 2021 ((rezonodwes.com)) – Nothing seemed to stop oil prices rising, to a 10-month high on Friday, not even the poor US employment figures, at the end of a week marked by the announcement of OPEC + of a contained black gold offer.
A barrel of Brent from the North Sea for March delivery jumped 2.96% or $ 1.61 to $ 55.99 from the previous day’s close, a high since late February, before the pandemic of Covid-19 is spreading.
The US barrel of WTI for the month of February rose by 2.77% or +1.41 dollar, to 52,24 dollars, a peak since February 24.
« We had bad economic data, the dollar is stronger and despite this, crude prices continue to climb to highs more seen in 10 months“, Said Matt Smith of Clipper Data.
The bad economic news came from the US labor market which in December destroyed 140,000 jobs, an unexpected figure for analysts, but operators ignored this deterioration in the labor market.
source: price per barrel
