(ANSA) – MILAN, JUN 01 – The price of oil remains tense after the EU’s tightening of crude oil in Moscow, with the market looking to tomorrow’s OPEC + meeting.
WTI and Brent both advanced by 1.6% at 116.5 and 117.5 dollars a barrel, respectively. On the other hand, gas slowed down sharply in Amsterdam, where it lost 4.5% to 89.8 euros per megawatt hour, with the market not expecting new interruptions in supplies from Gazprom after those announced to Shell, GasTerra and Orsted . According to Ing analysts, the cuts amount to 23 billion cubic meters of gas, equal to about 15% of supplies to Europe, and should “be manageable in light of the strong LNG flows we are seeing”. Sales day for gold (-1% to $ 1,831) while on the food front, HRW wheat rises by 0.3% in Chicago. (HANDLE).
Source: Ansa
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