The Brent changes its trend and recovers ground with a 2.60% advance

The price of a barrel of Brent oil for delivery in June changed its downward trend on Tuesday as it rose by 2.60% on the London futures market.

North Sea crude oil, which had been on a negative trajectory during the morning, was trading at around noon (11.00 GMT) at $20.49, a welcome increase from yesterday's agreed price of $19.97. 

Thus, the European reference oil, which has suffered in its demand the impact of the coronavirus pandemic in recent weeks, managed to straighten out some of the lost ground today.

The Brent crashed the previous day, hampered by the situation of lack of storage of surplus production in the United States. 

Analysts are following with interest the situation of lack of space to store surplus production in plants in that country and are concerned because the facilities in Cushing (United States), one of the main infrastructures to accumulate non-conventional hydrocarbon extractions, are reaching their limit.