Oil is trading sharply higher this morning.

At 8:23 am (Brasilia time) this Wednesday (10), the July contract of WTI crude oil recorded a strong increase of 1.42% in New York Mercantile Exchange (Nymex), quoted at US$ 89.45/barrel. The August contract for Brent It advanced 1.19% in Intercontinental Exchange (ICE), trading at US$92.54/barrel. On the other hand, so far this week, futures have accumulated losses of 1.14% and 0.59%, respectively. 

In the last trading session (9), WTI closed down 3.4%, at US$ 88.20/barrel, and Brent fell 2.97%, to US$ 91.45/barrel. 

This morning, fuel prices were driven up by the new escalation of hostilities between the United States and the Iran, following new US attacks against targets in the Persian country. 

The US president, Donald TrumpHe stated that the offensive was carried out in response to the downing of a US attack helicopter by Iranian forces. 

Meanwhile, the American Petroleum Institute (API) The API announced yesterday that US inventories fell by 9.119 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.