The August contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) closed this Thursday (2) with a slight increase of 0.16%, quoted at US$ 68.69/barrel. The September contract of Brent It rose 0.32% in Intercontinental Exchange (ICE)The price of crude oil, traded at US$71.80/barrel, saw a moderate recovery in this trading session, with prices adjusting ahead of the US Independence Day holiday, celebrated this Friday (3), when US markets will have reduced operations or remain closed. In the geopolitical field, Qatar, mediator of negotiations between the US and Iran, reported that there has been progress in discussions for a permanent peace agreement to end the conflict that began four months ago and restore normality to oil transport through the Strait of Hormuz. According to a spokesperson for the Qatari Ministry of Foreign Affairs, the talks showed "positive progress" on issues related to the memorandum that halted the fighting in June. Despite this, there is still no indication that the parties have reached a definitive understanding. The Qatari government also reported that a new round of negotiations between representatives of the US and Iran should take place after the funeral ceremonies for the Iranian supreme leader, Ayatollah Ali Khamenei, scheduled for July 9. Meanwhile, the flow of oil through the region continues to be monitored by the market. According to industry sources and shipping data, at least five supertankers carrying approximately 10 million barrels of Saudi oil have left the Ras Tanura terminal and crossed the Strait of Hormuz.
This text was translated by machine from Brazilian Portuguese.