At around 6:38 pm (Brasília time), this Wednesday (20th), the WTI spot contract advanced 0.57% and was traded at US$ 53.28 / barrel on the New York Stock Exchange. The session follows the optimism of the market aimed at the recovery of the world economy, mainly in the United States with the presidential inauguration of Joe Biden. Despite fears about the imposition of new lockdowns to combat coronavirus in the world, contrary to expectations with global vaccination. The market is also waiting for the new cut in the offer from the Organization of Petroleum Exporters and Allies (OPEC +) from January 1st. In a negative aspect, the American Petroleum Institute (API, in English) recently announced that the stocks of the commodity in the United States grew 2.562 million barrels in the week ended on January 14th. The volume was well above the 5.821 million barrel drop in the previous week and the expected -300 thousand barrels.
This text was translated by machine from Brazilian Portuguese.