Oil prices fall as the market watches for a possible end to the conflict in the Middle East.

The May contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) It ended this Wednesday (1st) with a sharp drop of 1.24%, quoted at US$ 100.12/barrel. The June contract for the Brent fell 2.70% in Intercontinental Exchange (ICE), trading at US$101.16/barrel. 

In this trading session, fuel prices were pressured by market uncertainty due to the ongoing war in Middle Eastafter the president of United States, Donald Trump, to state that he is ready to end the conflict even without a defined agreement with the Iran.

On the eve (31), the president of Iran, Masoud PezeshkianHe stated that the country is also not interested in prolonging the war against the United States and Israel…and that he is willing to end the military dispute, provided there are guarantees against further aggression.

In the US, the Energy Information Administration (EIA) disclosed his Weekly report on fuel stocks in the country.The volume of stored oil increased by 5.451 million barrels in the week ending March 27, to 461.6 million barrels, compared to market projections of a 1.8 million barrel increase.

On the radar, Trump said he is considering withdrawing the US from North Atlantic Treaty Organization (NATO)after leveling harsh criticism at the group's member countries amid the crisis of the closure of Strait of Hormuz. 

This text was translated by machine from Brazilian Portuguese.