Oil is trading sharply lower this morning in the international market.

At 8:37 am (Brasilia time) this Tuesday (5), the June contract of WTI crude oil showed a sharp drop of 1.96% in New York Mercantile Exchange (Nymex), quoted at US$104.33/barrel. The July contract for the Brent It fell 1.36% in Intercontinental Exchange (ICE), trading at US$112.88/barrel. 

On the eve (4), WTI recorded a gain of 4.29%, to US$ 106.42/barrel, and Brent advanced 5.79%, to US$ 114.44/barrel.

This morning, fuel prices were under pressure after… United States to launch a major operation to force the reopening of Strait of Hormuz to commercial shipping. However, losses were limited by the market's reaction to the recent exchange of attacks between the US and the Iran, which happened during the night. The administration of Tehran carried out a military offensive in Persian GulfShips traveling along the route reported explosions and fires. Additionally, an oil port in the area… United Arab Emirates reported an Iranian missile attack.

This text was translated by machine from Brazilian Portuguese.