Oil is appreciating, with some volatility, as fears about a decrease in supply in the face of increased demand extend. Investors are paying attention to the restrictive monetary policy of the US monetary authority (Fed) that has led the "black gold" to record a fall, along with other "commodities“.

This Thursday two of the members in favor of more aggressive monetary policy by the Fed, Christopher Waller and James Bullard, called for a 75 basis point hike in key interest rates as early as this month to slow inflation, but dismissed any scenario of an economic recession.

In London, North Sea Brent, which is the benchmark for European imports, is up 0.56% to $105.24 a barrel, after sinking 10.93% on Tuesday.

West Texas Intermediate (WTI), the benchmark for the United States, gains 0.12% to $102.85 per barrel

"The physical market is trading on scarcity, whereas the financial market is trading in a recession," RBC Capital Markets analysts Helima Croft and Michael Tran explain to Bloomberg.