WTI crude oil rose more than 3% on Tuesday morning, nearing $100/barrel.

At 8 am (Brasília time) this Tuesday (28), the June contract of WTI crude oil showed a significant increase of 3.48% in New York Mercantile Exchange (Nymex), quoted at US$ 99.72/barrel. The July contract for the Brent It advanced 2.62% in Intercontinental Exchange (ICE)The price of WTI crude oil, traded at US$104.35/barrel, rose 2.09% on the previous day (27), to US$96.37/barrel, and Brent crude increased 2.58% to US$101.69/barrel. Fuel prices continue to be impacted by the prolonged conflict in the Middle East, which keeps the flow through the Strait of Hormuz practically interrupted. According to information from Reuters yesterday, the President of the United States, Donald Trump, is dissatisfied with Iran's proposal to end the war, since it does not address the Iranian nuclear program. Last weekend, negotiations to end the conflict collapsed after Trump did not send representatives to Pakistan. Following this, the President of Russia, Vladimir Putin, spoke with the Iranian Foreign Minister, Abbas Araqchi, in St. Petersburg, and offered himself as a mediator to try to help restore peace in the Middle East. Later, the American Petroleum Institute will release its weekly figures on fuel inventories in the US. The result is considered a preview of the official data from the Energy Information Administration (EIA), which will be released tomorrow (29).

This text was translated by machine from Brazilian Portuguese.