Oil prices rose this morning amid volatile negotiations to end the war in the Middle East.

At 8:35 am (Brasilia time) this Tuesday (31), the May contract of WTI crude oil recorded a moderate increase of 0.66% in New York Mercantile Exchange (Nymex), quoted at US$103.56/barrel. The June contract for the Brent It was advancing 0.07% in Intercontinental Exchange (ICE), trading at US$107.46/barrel. For the month, the contracts accumulated gains of 54.67% and 48.64%, respectively. 

In the last trading session (30)The energy commodity closed up 3.25% on the Nymex, at US$102.88/barrel, and advanced 1.96% on the ICE, at US$107.39/barrel. 

This morning, oil prices were driven by market uncertainty amid negotiations between the United States and the Iran towards the end of the war in Middle EastAs reported by The Wall Street Journalthe day before, the US president, Donald TrumpHe told his advisors that he is ready to end the conflict with the Persian country, even if the Strait of Hormuz remain closed. However, he also publicly threatened to destroy the energy processing infrastructure of Tehran, in case the waterway does not resume operations. Furthermore, the Kuwait Petroleum Corp reported that the tanker Al SalmiThe ship, controlled by the company, was hit by an alleged Iranian attack at a port in DubaiThe probe was fully loaded with fuel and has a capacity of up to 2 million barrels.

This text was translated by machine from Brazilian Portuguese.