Oil closes Monday with a significant increase in the international market.

The August contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) closed this Monday (29) with a significant increase of 2.20%, quoted at US$ 70.75/barrel. The September contract of Brent It rose 1.80% in Intercontinental Exchange (ICE)The price of crude oil is trading at US$73.91/barrel. In this trading session, prices were driven by renewed tensions between the United States and Iran following weekend attacks, which cast doubt on the stability of the interim peace agreement signed between the two countries. Despite the military escalation, expectations of continued diplomatic negotiations limited a more intense price increase. According to a source cited by Reuters, technical teams from the US and Iran responsible for implementing the interim agreement are expected to meet in Doha, Qatar, in the coming days.

This text was translated by machine from Brazilian Portuguese.