No clear trend in crude oil prices

After approaching $73/b yesterday, the price of Brent 1st-nearby fell sharply to $71.11/b, but is already back above $72/b. In short, the market seems to be without a clear direction, due to the many uncertainties surrounding it regarding the duration of the unavailability of supply and refining capacity in the southern US, the evolution of the pandemic and its impact on demand and even OPEC supply, including Iran. In this respect, the new Iranian government is accelerating the production of enriched uranium, while nuclear negotiations are expected to resume soon.