Oil prices ended sharply higher on Monday.

The June contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) It ended this Monday (18) with a significant increase of 3.07%, quoted at US$ 108.66/barrel. The July contract of Brent advanced 2.60% in Intercontinental Exchange (ICE)Oil, trading at US$112.10/barrel, saw its price rise after starting the day lower. Prices gained strength, supported by persistent concerns about global supply amid the impasse in negotiations between the United States and Iran over ending the conflict in the Middle East. Investor sentiment suggests that negotiations remain stalled and that there is no clear prospect for normalizing energy flows in the region. In an interview with the New York Post, US President Donald Trump stated that he is not open to "any concessions" to Iran. However, gains were limited by data from… China's National Bureau of StatisticsThe figures show that crude oil processing fell in April to its lowest level since August 2022, while inventories of both crude oil and refined products increased during the period. The Asian country is the world's second-largest oil consumer.

This text was translated by machine from Brazilian Portuguese.