Oil prices fell more than 2% on the international market this Monday.

The April contract of oil WTI negotiated in New York Mercantile Exchange (Nymex) The May contract ended this Monday (16) with a significant drop of 5.28%, quoted at US$ 93.50/barrel. Brent advanced 2.84% in Intercontinental Exchange (ICE), trading at US$100.21/barrel. 

In this trading session, fuel prices were pressured amid investor reaction to recent updates on the conflict in the Middle East. US President Donald Trump stated that he expects "a few minor strikes" against Iran and reiterated his call for international assistance in reopening the Strait of Hormuz.

Furthermore, the CEO of International Energy Agency (IEA)Fatih Birol stated that member countries of the organization may release more emergency oil reserves into the market in the future "as and if necessary." 

This text was translated by machine from Brazilian Portuguese.