September's contract WTI crude oil negotiated in New York Mercantile Exchange (Nymex) closed this Wednesday (5) with a moderate decrease of 0.73%, quoted at US$ 75.22/barrel. On the other hand, the October contract for the Brent advanced 0.11% in Intercontinental Exchange (ICE)The price of crude oil is trading at US$79.45 per barrel. Driving prices, the market continues to react to the Houthi attack on a Saudi-flagged oil tanker in the Red Sea. Weighing on prices is… Iran and Oman have reached an agreement on the geographical coordinates of a new shipping route through the Strait of Hormuz."The two countries have reached a consensus on the geographical parameters of the proposed route," reported Iranian Foreign Ministry spokesman Esmaeil Baghaei. According to him, a joint statement between the two countries is in its final stages of preparation. Baghaei stated that the negotiations between Tehran and Muscat were conducted "professionally" and remain ongoing, culminating in a consensus on the geographical parameters of the proposed route. "Both sides have reached a mutual understanding on the geographical parameters of the route under discussion," the spokesman said. Furthermore, the Energy Information Administration (EIA) It was announced that the volume of oil stored in the United States – excluding strategic reserves – increased by 2.479 million barrels in the week ending July 31, to 407.0 million barrels, contrary to market projections of a decrease of 1.5 million barrels.
This text was translated by machine from Brazilian Portuguese.