The July contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) closed this Tuesday (2) with a strong increase of 1.74%, quoted at US$ 93.76/barrel. The August contract for Brent advanced 1.07% in Intercontinental Exchange (ICE), trading at US$96/barrel.
In this trading session, fuel prices reversed the decline seen at the opening and were driven by the market's cautious stance regarding recent developments in tensions in Middle East.
The president of United States, Donald Trump, stated that negotiations with the Iran The process is ongoing. However, the Iranian administration has stated that it has not yet completed its analysis of the proposal. Washington for a provisional ceasefire agreement.
Global oil inventories could reach critical levels before peak summer demand. Northern Hemisphere if the current rate of reduction continues. The warning was issued by Toril Bosoni, head of the oil industry and markets division of International Energy Agency (EIA)during the Middle East Oil and Gas Conference, promoted by S&P Global Energy, in London.
Limiting larger gains, as reported by Financial Times, you United Arab Emirates They plan to build their first oil pipeline to bypass the Strait of Hormuz and maintain the flow of petroleum products from the region, even in the event of traffic disruption.
This text was translated by machine from Brazilian Portuguese.