At 8:40 am (Brasilia time) this Thursday (23), the June contract of WTI crude oil showed a strong increase of 1.14% in New York Mercantile Exchange (Nymex), quoted at US$ 94.02/barrel. The contract for the same month for the Brent It was advancing 1.04% in Intercontinental Exchange (ICE), trading at US$102.97/barrel. So far this week, the fuel has accumulated increases of 13.6% and 13.8%, respectively.
On the eve (22), WTI closed up 3.67% on the Nymex, at US$ 92.96/barrel, and Brent advanced 3.48% on the ICE, to US$ 101.91/barrel.
This morning, fuel prices continue to be driven by market uncertainty following the end of the conflict between the United States and the Iran.
The day before, the US president, Donald TrumpHe stated that the ceasefire will be maintained "indefinitely," however, the official Iranian government account posted a video mocking the agreement between the countries, which rekindled fears that the agreement could be annulled soon.
According to the international press, the administration of Tehran awaits the end of maritime embargo imposed by the US to return to the negotiating table with Washington.
Furthermore, the market continues to react to… US energy commodity inventory report, informed by Energy Information Administration (EIA)Yesterday, according to the entity, the volume of oil stored in the country increased by 1.925 million barrels in the week ending April 17, to 465.7 million barrels, compared to market projections of a decrease of 1.900 million barrels.
This text was translated by machine from Brazilian Portuguese.