Oil prices fell more than 3%, with Brent crude closing below $96 a barrel again.

September's contract WTI crude oil negotiated in New York Mercantile Exchange (Nymex) closed this Friday (24) with a significant drop of 3.12%, quoted at US$ 89.31/barrel. The expiry of the same month for the Brent fell 3.88% in Intercontinental Exchange (ICE), trading at US$96.78/barrel. On the other hand, for the week, the fuel contracts have accumulated gains of 9.2% and 9.85%, respectively. 

In this trading session, fuel prices were pressured by a technical profit-taking movement, driven by the robust gains recorded in previous sessions.

Furthermore, investors are also reacting to recent efforts by Pakistan, with Chinese support, to resume negotiations between the United States and Iran.

However, losses were limited by the 13th consecutive day of attacks between the US and Iran. Iran's Deputy Foreign Minister, Kazem Gharibabadi, threatened European countries against using their military bases as launching points for Washington's attacks.

This text was translated by machine from Brazilian Portuguese.