Oil: the barrel of 90 dollars with the hope of an agreement in the Middle East

Oil prices rebounded on Tuesday due to a renewed optimism on the market regarding a quick resolution of the war in the Middle East, after Donald Trump said that diplomacy threatened his “last efforts”.

Oil prices rebounded on Tuesday due to a renewed optimism on the market regarding a quick resolution of the war in the Middle East, after Donald Trump said that diplomacy threatened his “last efforts”.

Around 16:05 GMT (18:05 in Paris), the price of a barrel of Brent from the North Sea, for delivery in August, lost 4.44% to 90.07 dollars, after briefly falling to 89.92 dollars, the lowest since April 17. Its American equivalent, the barrel of West Texas Intermediate, for delivery in July, fell by 5.25% to 86.51 dollars.