The April contract of oil WTI negotiated in New York Mercantile Exchange (Nymex) It ended this Friday (13) with a significant increase of 3.11%, quoted at US$ 98.71/barrel. The May contract of Brent advanced 2.67% in Intercontinental Exchange (ICE), trading at US$103.14/barrel. For the week, the fuel accumulated gains of 8.59% and 11.2%, respectively.
In this trading session, fuel prices were driven up by investor concerns about the flow of Middle Eastern oil production through the Strait of Hormuz, despite recent moves by countries outside the region to mitigate the effects of supply shortages.
Limiting further gains, as reported by Reuters, Iran has allowed two Indian liquefied petroleum gas (LPG) carriers to navigate the stretch of road. According to the Financial Times, European countries, such as France and Italy, are also negotiating with the Tehran administration to ensure safe passage through the route.
On the radar remains the possible easing of US sanctions against Russia for buyers of offshore oil.
This text was translated by machine from Brazilian Portuguese.