Oil prices are falling sharply, with Brent trading below $85 a barrel.

At 8:19 am (Brasilia time) this Tuesday (28), the September contract of WTI crude oil recorded a sharp drop of 1.51% in New York Mercantile Exchange (Nymex), quoted at US$ 81.33/barrel. The October contract for the Brent It fell 1.85% in Intercontinental Exchange (ICE), trading at US$ 84.28/barrel. 

In the last trading session (27), WTI fell 7.50%, to US$ 82.61/barrel, while Brent recorded a loss of 6.33%, to US$ 85.87/barrel. 

This morning, fuel prices were under pressure as market hopes grew for a resolution to the conflict between the United States and Iran. 

US President Donald Trump said his administration is having "good talks" with the Iranian government and that there is a good chance of an agreement. 

To limit further losses, the Houthis, a Yemeni paramilitary group, claimed to have attacked the East-West oil pipeline, which transports oil to Saudi Arabia's main Red Sea port, Yanbu.

This text was translated by machine from Brazilian Portuguese.