The July contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) closed this Monday (8) with a moderate increase of 0.84%, quoted at US$ 91.30/barrel. The August contract for Brent advanced 1.25% in Intercontinental Exchange (ICE), trading at US$ 94.25/barrel.
In this trading session, fuel prices were driven up by the renewed escalation of tensions in Middle East, following an exchange of attacks between Israel and the Iran, after a two-month truce between the countries.
The administration of Tehran accused them United States to participate directly in the military offensive of Tel Aviv against the country.
The Prime Minister of Israel, Benjamin NetanyahuHe stated that attacks on Iran have been suspended for the time being; however, he reiterated that the Persian country and the Hezbollah They are "weaker than ever" and the conflict is not yet over.
By limiting further gains, the seven countries of Organization of the Petroleum Exporting Countries and allies (OPEC+) They agreed, in a virtual meeting held yesterday (7), to expand the production of the energy commodity in 188,000 barrels per day (bpd) starting in July. This is the fourth consecutive monthly increase and the same volume increased in June.
As described in a statement, production increases continue to be adopted to mitigate the impacts of the US-Iran war on the energy market. Between April and July, the cartel increased quotas by almost 600,000 barrels per day.
This text was translated by machine from Brazilian Portuguese.