Oil closes higher on Wednesday.

The January contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) It ended this Wednesday (3) up 0.52%, quoted at US$ 58.95/barrel. The February contract for Brent advanced 0.35% in Intercontinental Exchange (ICE), trading at US$ 62.67/barrel

Commodity futures closed higher due to a lack of progress in negotiations to end the war between Russia and Ukraine. According to the Russian government, the five-hour meeting between US special envoys Steve and Jared Wittkoff and President Vladimir Putin did not result in an agreement.

It was published this afternoon by Energy Information Administration (EIA)US oil inventories increased by 574,000 barrels, reaching 427.4 million barrels (not including strategic reserves).

This text was translated by machine from Brazilian Portuguese.