Oil prices rose sharply on Friday morning.

At 9:40 am (Brasilia time) this Friday (15), the June contract of WTI crude oil showed a significant increase of 3.06% in New York Mercantile Exchange (Nymex), quoted at US$104.27/barrel. The July contract for the Brent It advanced 2.29% in Intercontinental Exchange (ICE)WTI crude oil, trading at US$108.14/barrel, is up 9.27% and 6.76% for the week so far. On the previous day (15), WTI rose 0.15% to US$101.17/barrel, and Brent crude increased 0.09% to US$105.72/barrel. This morning, fuel prices were supported by US President Donald Trump's statement that his patience with Iran was running out, which increased concerns about the lack of progress on a peace agreement to end attacks and seizures of ships in the Strait of Hormuz. During a trip to China, Trump stated that he and his counterpart Xi Jinping agreed that Iran cannot be allowed to possess nuclear weapons and that the Strait of Hormuz should be reopened. The Chinese president did not comment on the discussions with Trump.

This text was translated by machine from Brazilian Portuguese.