At 8:47 am (Brasilia time) this Wednesday (13), the June contract of WTI crude oil showed a slight decrease of 0.26% in New York Mercantile Exchange (Nymex), quoted at US$101.92/barrel. The July contract for the Brent It fell 0.17% in Intercontinental Exchange (ICE), trading at US$107.59/barrel. On the other hand, in the partial week, the fuel has accumulated gains of 6.69% and 6.12%, respectively.
In the last trading session (12), WTI recorded a gain of 4.19%, to US$ 102.18/barrel, and Brent advanced 3.42% to US$ 108.45/barrel.
This morning, fuel prices were pressured by a technical profit-taking movement, driven by the robust gains recorded in the previous session.
By limiting further losses, the American Petroleum Institute (API) It was reported that the United States' oil inventories fell by 2.188 million barrels last week. The API data is considered a preview of the official figures. Energy Information Agency (EIA)which will be released today.
On the radar, the market is awaiting the meeting between the President of the United States, Donald Trump, and his Chinese counterpart. Xi Jinping, marked in Beijing for tomorrow (14) and Friday (15).
Furthermore, investors are also closely watching recent moves by the US and Iran in the Middle East, while fears are growing of a breakdown in the ceasefire agreement already in place in the region.
This text was translated by machine from Brazilian Portuguese.