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Coronavirus: oil prices rebound in very uncertain market

2020-05-05T18:06:07.771Z


Beyond the Covid-19, the price war and the storage problems, another major concern is making a comeback: trade tensions between the United States and China.


In one week, the price of oil jumped. The barrel of Brent gained 50% to find the 30 dollars mark while the price of the American WTI, the other big world reference, doubled. A return to better days after the abyssal falls of April 20, marked by an unprecedented passage into negative territory?

Read also: Covid-19 and oil strangle Algeria

Uncertainties, however, continue to weigh. Beyond the Covid-19, the price war and the storage problems, a major concern has even returned, fueling concerns: trade tensions between the United States and China.

After threatening China with punitive taxes last week, the United States toughened its tone on Sunday. They said they had " significant evidence " that the new coronavirus came from a laboratory in Wuhan city, the cradle of the pandemic. And Donald Trump, who regularly accuses Beijing of lying about its human toll, has considered claiming billions of dollars in compensation for the damage

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Source: lefigaro

All news articles on 2020-05-05

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