Oil prices rose more than 4% on the international market this Monday.

The June contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) It ended this Monday (4) with a significant increase of 4.29%, quoted at US$ 106.42/barrel. The July contract for the Brent fell 5.8% in Intercontinental Exchange (ICE), trading at US$114.44/barrel. 

In this trading session, fuel prices were driven up amid escalating tensions in… Strait of Hormuzafter the Revolutionary Guard Iranians attack vessels attempting to pass through the route.

The administration of Tehran He warned again that the United States They have no right to enter the region. The US president, Donald TrumpHe stated that the attacks targeted ships "unrelated" to the country's operations in the Strait.

However, fuel gains were limited by the market reaction to the new increase in the production quota. Organization of the Petroleum Exporting Countries and allies (OPEC+), who agreed to increase production by 188,000 barrels per day (bpd) in June. 

This is the third consecutive monthly increase in the cartel's production, and the same increase agreed upon for May. 

This text was translated by machine from Brazilian Portuguese.