Oil closes sharply higher on Monday.

The July contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) closed this Monday (1st) with a significant increase of 5.49%, quoted at US$ 92.16/barrel. The August contract for Brent advanced 4.24% in Intercontinental Exchange (ICE), trading at US$ 94.87/barrel.

In this trading session, fuel prices were driven up by the market's reaction to the recent escalation of tensions in Middle East. 

The Iranian agency Tasnim It was reported that the Iranian government administration has suspended talks with the United States, in protest against the military advances of Israel node Lebanon. 

In response, the US president, Donald Trump, stated that Tel Aviv It will not send any more troops to Beirut and there was an understanding with the government of Benjamin Netanyahu to suspend the clashes against… Hezbollah. 

This text was translated by machine from Brazilian Portuguese.