Oil prices fell more than 2% this morning, with Brent trading below $100 a barrel.

At 8:55 am (Brasilia time) this Friday (24), the September contract of WTI crude oil recorded a significant drop of 2.34% in New York Mercantile Exchange (Nymex), quoted at US$ 90.03/barrel. The expiration date for the same month for the Brent It fell 2.84% in Intercontinental Exchange (ICE), trading at US$97.85/barrel. On the other hand, in the partial week, the contracts have accumulated gains of 10.0% and 11.0%, respectively. 

In the last trading session (23), WTI rose 6.17%, to US$ 92.19/barrel, while Brent recorded a gain of 7.04%, to US$ 100.69/barrel. 

This morning, fuel prices were pressured by a technical profit-taking movement, following significant gains in previous sessions. Limiting further losses, the market remains attentive to recent developments in hostilities in the Middle East. US President Donald Trump promised to "severely punish" Iran and the Houthis after attacks in the Red Sea. As reported by Reuters, the Tehran administration was pressuring the Yemeni paramilitary group to close the Bab el-Mandeb Strait, which provides access to the Red Sea, if the US continued attacks against its energy infrastructure.

This text was translated by machine from Brazilian Portuguese.