Brent Crude for May delivery increases to $86.20

Brent Crude for May delivery increases to $86.20

The price of a barrel of Brent oil, which serves as a reference for Angolan exports, for delivery in May ended yesterday 6th March, on the London futures market up 0.41%, to US$86.20.

Brent prices regained ground in the latter part of the session, after falling earlier in the day, in reaction to the release of worse-than-expected economic forecasts for China.

However, global tensions related to the supply of oil plus the expectation and improvement in Chinese demand imposed that pessimistic tone, advanced analysts.

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