Oil prices fell more than 7% on Wednesday in the international market.

The June contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) It ended this Tuesday (5) with a significant drop of 7.03%, quoted at US$ 95.08/barrel. The July contract for the Brent fell 7.83% in Intercontinental Exchange (ICE), trading at US$101.27/barrel. 

In this trading session, fuel prices were pressured by information from a Pakistani source, to Reutersof which the United States Iran and the United States are close to a preliminary peace agreement. Strait of Hormuz.

The US president, Donald Trump, announced the day before (5), a pause in the “Project FreedomThis measure would resume military offensives against the Persian country. However, the American leader did not rule out new attacks if Tehran does not accept a new agreement. 

According to the Axios news portal, the US is awaiting a response from the Tehran administration on several key points of the negotiation within the next 48 hours.

By limiting further losses, the Energy Information Administration (EIA) It was reported that the volume of oil stored in the US fell by 2.313 million barrels in the week ending May 1st, to 457.2 million barrels, compared to market projections of a drop of 3.400 million barrels.

This text was translated by machine from Brazilian Portuguese.