Oil closes sharply higher, with WTI once again ending above $90 a barrel.

The July contract for WTI crude oil traded on New York Mercantile Exchange (Nymex) closed this Wednesday (10) with a significant increase of 2.07%, quoted at US$ 90.03/barrel. The August contract of Brent advanced 1.8% in Intercontinental Exchange (ICE), trading at US$ 93.10/barrel. 

In this trading session, fuel prices were driven up by the recent escalation of hostilities in Middle East, after the exchange of attacks between the United States and the IranAccording to the US president, Donald Trump, the Persian country was attacked “with force” the day before (9) and would be the target of new attacks today.

Meanwhile, the Energy Information Administration (EIA) It was reported that US oil inventories fell by 7.227 million barrels in the week ending June 5, to 426.5 million barrels, compared to market projections of a 3 billion barrel drop.

However, the gains were limited after Trump stated that the deal with Iran is "fully negotiated" and that the country's administration has agreed not to produce a nuclear weapon. 

This text was translated by machine from Brazilian Portuguese.