The oil price rose on Thursday, confirming a willingness to face a possible reduction in world supply and in the absence of elements affecting the market.
The light sweet crude for May delivery earned 55 cents to reach $ 51.70 on the New York Mercantile Exchange (NYMEX).
In London, the North Sea Brent price on June delivery contract gained 53 cents to reach $ 54.89 on the Intercontinental Exchange (ICE).
The market is showing “its ability to ignore bad news while reacting to good news,” summed up a Tim Evans’ note, due to a general upward trend.