Oil prices closed slightly lower on the international market this Monday.

The August contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) closed this Monday (6) with a slight drop of 0.2%, quoted at US$ 68.55/barrel. The September contract of Brent It fell 0.18% in Intercontinental Exchange (ICE), trading at US$71.99/barrel.

In this trading session, fuel prices were pressured by the market's reaction to the announcement of a new increase in production quotas. Organization of the Petroleum Exporting Countries and allies (OPEC+), after a cartel meeting the day before (5). 

The group agreed to increase August production by 188,000 barrels per day (bpd), the fifth consecutive monthly increase and the same volume increased in July and June. 

Meanwhile, crude oil inventories of United States Strategic Petroleum Reserve (SPR) They fell by 6.2 million barrels, to 319.5 million barrels, according to data released this Monday (6) by Department of Energy (DOE).

As a result, the stored volume reached its lowest level since April 1983, reflecting the continued releases promoted by the US government.

This text was translated by machine from Brazilian Portuguese.