The prices of petroleum will continue to grow during the last 2020 season, despite a turbulent year in which one of the contributions to the covid-19 pandemic will be delayed.
The barrel of Brent del Mar del Norte for entry in March, on its first day as a reference contract, advanced 0.33% to 17 cents, to 51.80 dollars.
The WTI stadium barrel for the month of February progressed, by its rate, by 0.24% or 12 cents, to $ 48.52.
The market will be closed for the holidays, first day of the year and holiday in many parts of the world.
During the week, accompanied by the end-of-year festivities, the price of the black ore is ligated, especially the seminars of the Informal Seminary on petroleum reserves in the United States.
“The big surprise is the level of high level of export exports, it is proof that demand is at a solid level compared to the refinements”, comments Stephen Innes, analyst at Axi.
In addition to the first announcements of vacancies against covid-19, Brent and WTI will advance 8% and 6.5% respectively in December.
But this time it was time to drill down on the issue of the pandemic, which is fueling fuel and energy consumption.
In 2020, the Brent price increased 22% and the WTI, 21%.
“Market players are not prepared to give up a year that querrian olvidar: the year in which the prices of petroleum cayeron for ceroy de cero. , by Price Futures Group.
According to analysts in 2021, the prospects for demand in the short term will continue to increase, including when consumption can return quizzes to vacancy campaigns.
“Prices go up and down, as long as you avoid unpleasant surprises,” said Oanda analyst Jeffrey Halley.
Todavía is more optimistic, Phil Flynn states that “with the probable decline in demand, the market will be insufficiently abstinent until the end of 2021”.
“The most ambitious regulatory environment with a new Biden United States administration will also obstruct the resumption of state-of-the-art petrol production,” he said, adding that the demand would be different from that of production. This is the price that will be raised the most in 2021 and more.
The year of the petroleum will begin the months with the monthly meeting of the Organization of the Exporters of Petroleum (Opep) and its societies, including Russia.
In December, the member states decided to increase their production, which is voluntarily limited, to 500,000 barrels per day, in order to avoid the market with the two million barrels for its initial provision.