Oil closed sharply lower on Friday in the international market.

The July contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) closed this Friday (29) with a sharp drop of 1.73%, quoted at US$ 87.36/barrel, with an accumulated loss of 9.56% in the week and 16.8% in the month. The August contract of Brent fell 1.70% in Intercontinental Exchange (ICE)The price of crude oil, trading at US$91.12/barrel – a cumulative weekly and monthly depreciation of 12% and 17.4%, respectively. In this trading session, fuel prices were pressured by the statement from US President Donald Trump that he would meet later that day at the White House to make a final decision regarding the agreement with Iran to end the conflict in the Middle East. To reach a final agreement, the US leader reiterated a series of demands that the Persian country had previously shown no willingness to accept. Earlier, the Speaker of the Iranian Parliament, Mohammad Bagher Ghalibaf, stated that Tehran “has no confidence in guarantees or words” and that only behavior is “the criterion.”

This text was translated by machine from Brazilian Portuguese.