Oil closes mixed in session marked by US-Iran agreement.

The August contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) closed this Thursday (18) with a slight drop of 0.21%, quoted at US$ 75.85/barrel. 

On the other hand, the due date for the same month is… Brent advanced 0.38% in Intercontinental Exchange (ICE), trading at US$79.85/barrel. 

In this trading session, fuel prices were affected by the repercussions of the agreement between the United States and the Iran, which enabled the resumption of export flows by Strait of Hormuz.

According to the US vice president, JD VanceThe Persian country did not attack ships along the sea route for the second consecutive night, allowing the movement of approximately 12.5 million barrels of oil through that waterway.

The spokesperson for Ministry of Foreign Affairs Iranian, Esmaeil Baghaeil, reported that the country reached an agreement with Omanwhich establishes the mechanisms for managing the Strait of Hormuz. According to the authority, management will be the shared responsibility of the countries.

As reported by Bloombergthe Kuwait decided to increase oil production after the resumption of flow, which could exceed 2 million barrels per day (bpd) within a week.

Meanwhile, the market turns to war in Eastern Europe, after a bombing hit a major oil refinery in Moscow, disrupting commercial flights at airports in the Russian capital.

This text was translated by machine from Brazilian Portuguese.