At 8:14 am (Brasilia time) this Wednesday (29), the September contract of WTI crude oil recorded a significant increase of 4.90% in New York Mercantile Exchange (Nymex), quoted at US$ 83.14/barrel. The October contract for the Brent It advanced 4.58% in Intercontinental Exchange (ICE), trading at US$ 85.86/barrel. On the other hand, in the partial week, the fuel has accumulated losses of 7.02% and 6.45%, respectively.
In the last trading session (28), WTI fell 4.06%, to US$ 79.26/barrel, while Brent recorded a loss of 4.41%, to US$ 82.08/barrel.
This morning, fuel prices were driven up by the renewed escalation of tensions in the Middle East, following attacks by the United States and Saudi Arabia against Iranian-backed groups in Iraq.
The bombings occurred hours after the US military thwarted a surprise Iranian attack against troops in the region. The Tehran administration also reported firing on ships in the Strait of Hormuz and on US bases in Jordan.
The Iranian government rejected Oman's proposal for joint management of the maritime route, dashing market optimism about a possible resolution to the impasse that is paralyzing the flow of energy from the region.
Meanwhile, Yemen's Houthi paramilitary group is considering taxing commercial ships sailing through the southern Red Sea, regional sources told Reuters.
Meanwhile, the American Petroleum Institute (API) The API announced yesterday that US inventories rose by 3.296 million barrels last week. The API figures are considered a preview of the official data. Energy Information Administration (EIA), which will be released today.
This text was translated by machine from Brazilian Portuguese.