Oil prices fell on the international market this Monday morning.

At 9:20 am (Brasilia time) this Friday (1st), the June contract of WTI crude oil showed a sharp drop of 1.96% in New York Mercantile Exchange (Nymex), quoted at US$102.88/barrel. The July contract for the Brent It fell 0.38% in Intercontinental Exchange (ICE), trading at US$109.98/barrel. On the other hand, so far this week, futures have accumulated gains of 8.98% and 10.91%, respectively. 

On the eve (30), WTI fell 1.69%, to US$ 105.07/barrel, and Brent stabilized with a downward bias (-0.03%), at US$ 110.40/barrel.

This morning, trading is experiencing low liquidity due to the holiday. Labor Day in the international market, and were pressured by the technical movement of profit realization, motivated by the robust gains recorded during the week.

However, losses were limited by recent developments in tensions in Middle EastThe spokesperson for Ministry of Foreign Affairs of Iran, Esmaeil BaghaeiHe stated that it is not possible to expect quick results from the negotiations with the United States, according to the official news agency IRNA.

As reported by Reuters, a senior official of Revolutionary Guard Last night, the Iranian government threatened "long and painful attacks" against US positions if the attacks resumed.

This text was translated by machine from Brazilian Portuguese.