At 3:45 pm (Brasília time), Monday (01), WTI oil registered gains of 2.36%, traded at US$ 53.43 / barrel on the New York Stock Exchange. The market starts the month of February, reflecting the additional cut of 1 million barrels in the supply of Saudi Arabia, as agreed at the last meeting of the Organization of the Petroleum Exporting Countries and Allies (OPEC +). Expectation also for the new monthly revisions of the group scheduled for tomorrow (02). The technical movement of adjustments in positions after losses in the last days and monitoring of global coronavirus vaccination also has repercussions. In addition, the President of the United States, Joe Biden, and other Democratic lawmakers are holding new talks on the trillion-dollar economic stimulus package.
This text was translated by machine from Brazilian Portuguese.