On Digi24, on April 28, Eugenia Gusilov discussed the price of oil and pump prices. April variations between 86 and 91 dollars per barrel Brent stemmed from the Middle East crisis involving Israel and Iran, which has since been overcome. This represents the small loop.

Simultaneously, the market has spent a year under the reality created by OPEC+, which cut production by about 5 million barrels per day in 2023 and rolled over cuts through June 2024. This large loop keeps prices between 74 and 87 dollars per barrel through intentional underproduction.

Summer price variations will depend on June OPEC+ decisions regarding production levels and the United States response. If OPEC+ maintains underproduction amid rising summer demand, prices could exceed 90 dollars per barrel. However, the US holds the Strategic Petroleum Reserve as a tool to calm prices during an election year.