At 8:30 am (Brasília time) this Wednesday (23), the August contract of WTI crude oil recorded a significant drop of 2.23% in New York Mercantile Exchange (Nymex), quoted at US$71.58/barrel. The contract for the same month for the Brent It fell 2.24% in Intercontinental Exchange (ICE), trading at US$75.35/barrel. So far this week, futures have accumulated losses of 5.81% and 6.69%, respectively.
In the last trading session (23), WTI fell 0.88%, to US$ 73.21/barrel, while Brent fell 0.93%, to US$ 73.21/barrel.
This morning, fuel prices remain under pressure due to the gradual resumption of energy flow through the Strait of Hormuz, along with progress in negotiations between the United States and Iran to end hostilities in the Persian Gulf.
As reported by the Omani government, the route will remain open to navigation without fees, and two other waterways to the north and south have also been temporarily opened to facilitate the safe passage of vessels.
According to tracking data, three detained oil tankers crossed the route last night.
Despite the optimistic scenario, the market remains cautious amid a lack of clarity regarding the details of the negotiations between the US and Iran. US President Donald Trump stated that Tehran had accepted high-level nuclear inspections; however, the Iranian government denied authorization for further visits. International Atomic Energy Agency (IAEA).
This text was translated by machine from Brazilian Portuguese.