International transportation: oil returns below $100
Between Tuesday 6 and Wednesday 7 July, WTI's barrel (West Texas Intermediate), a U.S. benchmark, lost 12.76 per cent to trade at $96.7. The same trend for the Brent (North Sea crude), European reference, which lost 12% to go under the symbolic bar of 100 dollars. This is theThird largest decrease since 1988. The oil trajectory seems to be completely reversed. Fears of recession probably led some investors to withdraw from the oil market.
Some experts estimate that in the event of a recession, the barrel of crude oilcould fall to $65 by the end of the year 2022or even$45 in 2023Without intervention by OPEC (Organization of Petroleum Exporting Countries) to adjust prices.
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- Sales Administration (SDA) Subcontracting Export
- Import/export flow management (air & maritime)
- Diagnosis of international logistics flows
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