Fuels. Pump prices down slightly in France

Intensification of the conflict between Israel and Hamas has not yet caused fuel prices to rise sustainably in France: after a slight increase at the outbreak of the conflict, prices at the pump started to fall again last week, according to figures from the Ministry of Energy Transitionarrested Friday and published this Monday afternoon.

Far from annual records

The price of diesel, which had increased by 3.5 cents last week, fell by almost 3 cents to 1.8542 euros on average per liter, while the SP 95 (1.846 euros), the SP 95-E10 (1.824 euros) and the unleaded 98 (1.907 euros) all fell by about half a cent. Prices are still 10 to 15 cents lower than they were last January, during their annual records.

On the markets, oil prices fell Monday morning, as investors focused on the numerous economic data to come this week which could affect demand.

At the end of the morning, the barrel of Brent from the North Sea lost 0.98%, to 89.59 dollars, while its American equivalent, the barrel of West Texas Intermediate (WTI) fell by 1.10% to 84, 60 dollars.

A weakening of demand in the United States?

Despite the fighting inside the Gaza Strip“For now, markets seem to be looking beyond this information and believe that the conflict should remain contained,” commented James Harte, analyst at Tickmill.

PVM Energy’s John Evans said investors’ focus this week should be on “what’s happening in the broader macroeconomic context, in a data-rich period,” including the US Federal Reserve’s monetary policy decision. (Fed) expected Wednesday.

In addition to “the easing of fears of a wider conflict in the Middle East”, John Plassard, analyst at Mirabaud, recalls that investors remain on the lookout for “signs of weakening demand in the United States “.