Oil prices fall more than 2%, with WTI closing again at $90 a barrel.

The July contract for WTI crude oil traded on the New York Mercantile Exchange (Nymex) closed this Friday (5) with a significant drop of 2.69%, quoted at US$ 90.54/barrel. The August contract for Brent crude fell 2.04% on the Intercontinental Exchange (ICE), trading at US$ 93.09/barrel. On the other hand, for the week, fuel futures accumulated gains of 3.64% and 2.16%, respectively. In this trading session, fuel prices were pressured by the strong advance of the dollar abroad and risk-averse investors, after the US payroll reinforced projections that the Federal Reserve (Fed) should raise the country's interest rates. In addition, prices were also affected after the Omani government reported that its Mina al Fahal port is operating normally. The day before, a Reuters report indicated that the terminal had interrupted the flow of oil exports due to an explosion. According to Petroleum Development Oman, operations at the port were not affected, contradicting information provided by three sources close to Reuters. The terminal ships between 800,000 and 900,000 barrels per day (bpd) of crude oil.

This text was translated by machine from Brazilian Portuguese.