At 3:53 pm (Brasília time), Thursday (04), WTI oil registered gains of 1.26%, traded at US$ 56.39 / barrel on the New York Stock Exchange, renewing maximums of one year. The market continues to reflect the beginning of the additional cut of one million barrels in the oil supply of Saudi Arabia and a positive meeting of the Organization of the Petroleum Exporting Countries and Allies (OPEC +). The group members decided yesterday (03) to extend their current supply containment policy amid the coronavirus pandemic. In addition, fears of an oversupply of fuel have also been alleviated by a drop in US stocks over the past week, signs of economic recovery and advances in the global vaccination of COVID-19. The US Department of Labor reported earlier that 779,000 people filed for new unemployment insurance claims last week, down from 812,000 claims the previous week.
This text was translated by machine from Brazilian Portuguese.