At 8:50 am (Brasilia time) this Wednesday (15), the May contract of WTI crude oil recorded a strong increase of 1.12% in New York Mercantile Exchange (Nymex), quoted at US$ 92.30/barrel, with a loss of 4.45% so far this week. The June contract for the Brent It advanced 1.16% in Intercontinental Exchange (ICE), traded at US$ 95.89/barrel – weekly gain of 0.72%. On the previous day (14), the energy commodity fell 7.87% in Nymex, at US$ 91.28/barrel, and 4.59% in ICEBrazilian crude oil is trading at US$94.79/barrel. This morning, investors remain concerned about the continued restrictions in the Strait of Hormuz, a strategic route through which approximately 20% of globally traded oil and liquefied natural gas normally passes. Although new negotiations between the United States and Iran are expected, maritime traffic in the region remains well below normal. According to market sources, the number of vessels transiting the waterway is only a fraction of the more than 130 daily crossings recorded before the start of the conflict. President Donald Trump stated that new negotiations with Tehran could take place this week. Despite this, the US maintains the blockade on vessels leaving Iranian ports, a measure that, according to the Iranian government, has practically paralyzed the country's maritime trade. On investors' radar, the Energy Information Administration (EIA) It will release its weekly report on oil and refined product inventories in the United States later today.
This text was translated by machine from Brazilian Portuguese.