Oil is trading lower this Tuesday morning in the international market.

At 8:31 am (Brasilia time) this Tuesday (4), the September contract of WTI crude oil recorded a moderate drop of 0.55% in New York Mercantile Exchange (Nymex), quoted at US$79.95/barrel. The October contract for the Brent stabilized on a downward trend (-0.02%) in Intercontinental Exchange (ICE), trading at US$ 83.76/barrel.

In the last trading session (3), WTI fell 5.11%, to US$ 80.34/barrel, while Brent recorded a decrease of 4.73%, to US$ 83.77/barrel. 

This morning, fuel prices continued to be pressured by the market's reaction to US President Donald Trump's decision to suspend further bombings against Iran, aiming to advance negotiations for the complete reopening of the Strait of Hormuz. However, losses were limited by a statement from Iranian Foreign Ministry spokesman Esmail Baghaei, denying Trump's claims. The official stated that there are no ongoing negotiations with the US and that no meeting between the parties was scheduled.

This text was translated by machine from Brazilian Portuguese.