This Monday, the price of a barrel of Brent oil, used in Europe, fell below $62 per barrel. This amount is a sharp decrease compared to the 82 dollars recorded last January. It was hopes for a peace agreement between Russia and Ukraine that pushed prices down. In fact, traders anticipate a massive return of Russian oil to world markets. “This happened at a time when OPEC+ was entering its production increase strategy”notes from Tribune Christopher Dembik, economist at Pictet AM.
For motorists, this is a real relief… Just as it is for a large number of French companies. So, according to BSI Economics, a 20% increase in oil prices means a decrease in French GDP by 0.2 percentage points. Concretely, “Brent prices have little influence on electricity prices, unlike gas prices. On the contrary, they have strong consequences for companies that consume a lot of fuel”explains Sylvain Bersinger, founder of Bersingéco.
