Oil prices are stabilizing

Oil prices are stabilizing

Oil prices stabilized on Tuesday, after having benefited the day before from the optimism of investors vis-à-vis an acceleration of demand in China after the opening of the country’s borders.

The barrel of Brent from the North Sea for delivery in March, gained 0.04%, to 79.68 dollars and the barrel of West Texas Intermediate (WTI) for delivery in February, advanced by 0.23%, to 74, $80.

Analysts said the week started with a rally in the oil market, as energy investors turned their spotlight on China’s efforts to reopen its borders.

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