At around 6:37 pm (Brasília time), this Thursday (28th), the WTI spot contract registered a 1.14% drop and was traded at US$ 52.25 / barrel on the New York Stock Exchange. The market remains concerned about the future of global demand for oil with the vaccination of the coronavirus still considered slow amid the continuous dissemination of its variants and the resumption of restrictive social measures. China will restrict travel for the celebration of the lunar new year, in addition to the news that Germany will ban the entry of travelers from Brazil, the United Kingdom, Portugal and South Africa, among other countries, to contain local cases of Covid-19. In addition, the market is concerned with the speech of the President of the United States Federal Reserve (FED), Jerome Powell, about the country's financial recovery is still far away, despite the maintenance of interest rates between 0% and 0.25% the day before.
This text was translated by machine from Brazilian Portuguese.