Oil prices are rising as investors remain uncertain about the ceasefire in the Middle East.

At 8:50 am (Brasilia time) this Thursday (16), the May contract of WTI crude oil recorded a slight increase of 0.11% in New York Mercantile Exchange (Nymex), quoted at US$91.39/barrel, but with a loss of 5.36% for the week so far. The June contract for the Brent It was advancing 0.83% in Intercontinental Exchange (ICE), trading at US$95.72/barrel, with a weekly gain of 0.49%.

On the eve (15), the energy commodity stabilized on an upward trend (+0.01%) on the Nymex, at US$ 91.29/barrel, and 0.15% on the ICE, at US$ 94.93/barrel.

This morning, fuel prices were rising as the market remains uncertain regarding the ceasefire between the United States and the Iran, amid the partial closure of Strait of Hormuz, determined by the administration of Tehran over the weekend.

Despite this, the US maintains a blockade on ships leaving Iranian ports, a measure that, according to the Persian country's military, has completely disrupted maritime trade entering and leaving the country.

Prices also continue to be affected by the statement from US Treasury Secretary, Scott Bessent, that the US will not renew the exemptions that allowed the purchase of sanctions-free goods. Iranian and Russian oil. 

This text was translated by machine from Brazilian Portuguese.