Oil prices fell more than 7% this morning after Trump postponed attacks against Iran’s energy infrastructure.

At 8:35 am (Brasilia time) this Monday (23), the May contract of WTI crude oil recorded a significant drop of 7.19% in New York Mercantile Exchange (Nymex), quoted at US$ 91.17/barrel. The contract for the same month for the Brent It fell 7.37% in Intercontinental Exchange (ICE), trading at US$103.87/barrel. 

In the last trading session (20)The energy commodity closed up 1.91% on the Nymex, at US$94.74/barrel, and advanced 3.26% on the ICE, to US$112.19/barrel. 

During the week, futures closed in opposite directions overall. On the one hand, Brent crude posted gains of 8.77%, while WTI crude fell 4.02%.

This morning, fuel prices were under pressure after US President Donald Trump stated that attacks against Iran's energy infrastructure would be postponed. 

Furthermore, the CEO of International Energy Agency (IEA)Fatih Birol said the organization is consulting with Asian and European governments about releasing more emergency fuel reserves "if necessary." 

This text was translated by machine from Brazilian Portuguese.