Oil rises 3% and WTI closes above $86 a barrel again.

September's contract WTI crude oil negotiated in New York Mercantile Exchange (Nymex) closed this Wednesday (22) with a significant increase of 2.95%, quoted at US$ 86.83/barrel. The expiry of the same month for the Brent advanced 3.36% in Intercontinental Exchange (ICE), trading at US$ 94.07/barrel. 

In this trading session, fuel prices continued to be driven by the market's reaction to recent signals from the paramilitary group. Houthiof Yemen, to close the Bab-el-Mandeb Strait, the alternative route of Red Sea used for the outflow of oil produced in Persian Gulf.

On the Persian side, the President of the United States, Donald Trump, threatened to bomb the energy infrastructure of Iran, in case the country resumes attacks against ships in Strait of Hormuz.

Furthermore, the Energy Information Administration (EIA) It was announced that the volume of oil stored in the United States – excluding strategic reserves – increased by 2.010 million barrels in the week ending July 17, to 411.7 million barrels, contrary to market projections of a 2.000 million barrel drop.

This text was translated by machine from Brazilian Portuguese.