Oil prices fell more than 9% and are once again trading below US$100 a barrel on the international market.

At 8:45 am (Brasilia time) this Wednesday (6), the June contract of WTI crude oil showed a significant decrease of 10.4% in New York Mercantile Exchange (Nymex), quoted at US$ 91.60/barrel. The July contract for the Brent It fell 9.53% in Intercontinental Exchange (ICE), trading at US$99.40/barrel. For the week, the fuel has accumulated losses of 9.80% and 7.94%, respectively. 

On the previous day (5), WTI recorded a loss of 3.90%, to US$ 102.27/barrel, and Brent retreated 3.99%, to US$ 109.87/barrel.

This morning, fuel prices were pressured by information from a Pakistani source, to Reutersof which the United States and the Iran They are close to a preliminary peace agreement in Strait of Hormuz.

According to the news portal AxiosThe US awaits the return of the administration of Tehran Regarding several key points of the negotiation in the next 48 hours. Sources from the publication claim that this is the first time the parties have been closer to an agreement since the beginning of the conflict.

By limiting further losses, the American Petroleum Institute (API) It was reported that US oil inventories fell by 8.1 million barrels last week. API data is considered a preview of official figures. Energy Information Agency (EIA), which will be released today.

This text was translated by machine from Brazilian Portuguese.