Oil is continuing its recovery, with WTI getting closer to $53. The modest decline seen in early trading yesterday was just a temporary break and the barrel remains in a supportive scenario. Investors are betting on the continued recovery of global demand over the next few months after a difficult 2020. The cuts announced last week by Saudi Arabia are basically a victory of Russia but in some way are also showing that OPEC+ can still play its role in the current markets. The price is therefore consolidating and remains in a positive environment.
