At around 5:38 pm (Brasília time), this Tuesday (19th), the WTI spot contract advanced 1.26% and was traded at US$ 53.02 / barrel on the New York Stock Exchange. The market reflected the technical movement of adjustments in positions after losses the day before and the distribution of the coronavirus vaccine around the world, despite the increased dissemination and return of lockdowns, mainly in China, and the prospect of less demand for 2021. In addition, there are expectations with the presidential inauguration of Democrat Joe Biden in the United States that will happen tomorrow (20), causing the trillion-dollar economic stimulus to the country to be injected soon. Even today, the American Petroleum Institute (API) will update data on oil stocks in the US last week.
This text was translated by machine from Brazilian Portuguese.