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

At 8:45 am (Brasilia time) this Wednesday (2), the October contract of WTI crude oil It was operating at a moderate low of 0.60%. New York Mercantile Exchange (Nymex), quoted at US$ 89.68/barrel. The November contract for the Brent It fell 0.48% in Intercontinental Exchange (ICE), trading at US$94.20/barrel. On the other hand, in the partial week, the fuel has accumulated gains of 7.42% and 6.92%, respectively. 

In the last trading session (1st), WTI rose 5.2% to US$90.22/barrel, while Brent advanced 4.6% to US$94.65/barrel. 

This morning, fuel prices were pressured by a technical profit-taking movement, driven by the robust gains recorded in the previous session.

Limiting further losses, the market continues to react to the new escalation of tensions in the Middle East, after the United States and Iran once again positioned themselves for war in the region. 

In parallel, the American Petroleum Institute (API) The API announced yesterday that US inventories fell by 2.6 million barrels last week. The API figures are considered a preview of the official data. Energy Information Administration (EIA), which will be released today.

This text was translated by machine from Brazilian Portuguese.