Oil prices fall to their lowest level in more than a month.

The July contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) The futures contract closed this Tuesday (26) with a significant drop of 5.55%, quoted at US$ 88.68/barrel, after falling to its lowest level since April 21 during trading (US$ 87.77/barrel). The August contract of Brent fell 4.57% in Intercontinental Exchange (ICE)Oil, traded at US$92.25/barrel – at the day's low, the fuel fell to US$91.75/barrel, the lowest level since April 17. In this trading session, prices were pressured by information from Iranian state media that Tehran had in its possession a draft memorandum of understanding with the United States to restore commercial maritime traffic through the Strait of Hormuz to pre-war levels within a month. The White House denied the authenticity of the document, but US President Donald Trump reiterated this afternoon that the strait will be "open to all" and that no country will control the important maritime route, since the location encompasses "international waters". Shortly, the American Petroleum Institute will release its weekly data on US fuel stocks – the result is considered a preview of the official figures from the Energy Information Administration (EIA), which will be released tomorrow (28).

This text was translated by machine from Brazilian Portuguese.