The May contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) The June contract ended this Wednesday (15) stable with an upward bias (+0.01%), quoted at US$ 91.29/barrel. Brent advanced 0.15% in Intercontinental Exchange (ICE)Brazilian crude oil, trading at US$94.93/barrel, saw investors continue to monitor peace negotiations between the United States and Iran, as the Strait of Hormuz remains partially blocked. According to a source linked to Tehran, Iran could allow vessels to navigate the Omani side of the strait without risk of attacks if an agreement with the US is reached to avoid further military escalation. Despite this, the US maintains a blockade on vessels leaving Iranian ports, a measure that, according to Iranian military officials, has completely disrupted maritime trade entering and leaving the country. Another factor monitored by the market was the announcement that the US will not renew the exemptions that allowed the purchase of Iranian and Russian oil without sanctions. This information was confirmed by US Treasury Secretary Scott Bessent. The authorizations expire this week and had been granted to increase global supply and alleviate international energy prices. Regarding domestic demand, the Energy Information Administration (EIA) It was reported that US oil inventories fell by 913,000 barrels in the week ending April 10, to 463.8 million barrels, compared to market projections of a 2.1 million barrel increase.
This text was translated by machine from Brazilian Portuguese.