Oil prices fell sharply on Wednesday morning.

At 9:20 am (Brasilia time) this Wednesday (20), the July contract of WTI crude oil showed a sharp decline of 1.83% in New York Mercantile Exchange (Nymex), quoted at US$102.24/barrel. The contract expiring in the same month as Brent fell 2.18% in Intercontinental Exchange (ICE), traded at US$ 108.85/barrel. The day before (19), the WTI It fell 0.22%, to US$104.15/barrel, and the Brent The price of crude oil fell 0.73% to US$111.28 per barrel. This morning, fuel prices were pressured by a new statement from US President Donald Trump that the war with Iran will end "very quickly." This statement echoes yesterday's assertion by the US Vice President.JD Vance, that the two countries had progressed in the negotiations.

Furthermore, the information that was being circulated was also being reported. two supertankers they left the Strait of Hormuz, while a third ship continued its journey after waiting for more than two months with 6 million barrels of crude oil from the Middle East on board. 

Limiting further gains, the American Petroleum Institute (API) reported yesterday that U.S. inventories fell by 9.1 million barrels last week. The API figures are considered a preview of the official data from the Energy Information Administration (EIA), which will be released today at 11:30 a.m.

This text was translated by machine from Brazilian Portuguese.