Good news for CEMAC (Community of Central African States) and crude producers in general. The barrel of oil Brent exceeded $ 80 Thursday for the first time since November 2014, driven by tensions around Iran, Venezuela and several production sites at the doors of major conflict. The uptrend is strong, the CEO of Total even evoking the prospect of a barrel to 100 dollars.
The price of the barrel for delivery in July rose to 80.50 dollars in session Thursday after having crossed at 09H50 GMT the cap of 80 dollars.
It finally closed at 79.30 dollars, up 2 cents from the end-of-day trading price the day before.
The European benchmark for black gold was still around 50 dollars in May 2017, which represents a jump of more than 50% in one year.
For its part, a barrel of light sweet crude (WTI), the US benchmark, due in June, ended stable at 71.49 dollars.
“Crossing 80 dollars is an important psychological threshold but also a threshold of resistance. The market seemed to have needed a break “after this crossing,” said Matt Smith of ClipperData.
