At 8:50 am (Brasília time) this Tuesday (19), the June contract of WTI crude oil showed a slight decrease of 0.36% in New York Mercantile Exchange (Nymex), quoted at US$108.27/barrel. The July contract for Brent recorded a sharp contraction of 1.34% in Intercontinental Exchange (ICE), traded at US$ 110.93/barrel. The day before (18), the WTI It rose 3.07%, to US$108.66/barrel, and the Brent The price of crude oil rose 2.60% to US$112.10/barrel. This morning, the market is reacting to US President Donald Trump's decision to suspend a planned attack against Iran to allow negotiations to end the war in the Middle East. The latest peace proposal, presented over the weekend by Tehran, involves an end to hostilities on all fronts – including Lebanon –, the withdrawal of US forces from areas near Persian territory, and reparations for war damage. Negotiations between the two countries continue to be mediated by Pakistan. Also reacting is the White House's decision to extend the sanctions waiver for 30 days to allow "energy-vulnerable" countries to continue buying Russian oil transported by sea. In the US, a record 9.9 million barrels of oil were removed from the Strategic Petroleum Reserve last week, according to data from the Department of Energy, reducing stocks to approximately 374 million barrels, the lowest level since July 2024.
This text was translated by machine from Brazilian Portuguese.