Oil is trading without a clear direction this Tuesday morning.

At 9:10 am (Brasilia time) this Tuesday (26), the July contract of WTI crude oil recorded a significant drop of 3.81% in New York Mercantile Exchange (Nymex), quoted at US$ 92.92/barrel. On the other hand, the contract expiring in the same month for Brent It advanced 3.21% in Intercontinental Exchange (ICE), traded at US$ 99.23/barrel. The price discrepancy reflects the suspension of trading on the Nymex the previous day (25) due to Memorial Day, a holiday that honors US military personnel who died in combat. Brent was boosted after new US attacks against southern Iran increased uncertainty about whether an agreement will be reached soon to end the war and reopen the flow of ships through the Strait of Hormuz. Last night (25), the US Secretary of State Marco Rubio stated that negotiate an agreement A settlement with Iran could "take a few days," dashing hopes for an imminent end to the conflict. 

This text was translated by machine from Brazilian Portuguese.