At 3:50 pm (Brasília time), this Tuesday (9th), WTI oil registered gains of 0.26%, traded at US$ 58.12 / barrel on the New York Stock Exchange. The session continues yesterday's gains and reflects the market's expectations about the recovery of the global economy, mainly the demand for oil. The $ 1.9 trillion package could be approved by the United States Congress in the coming days. The Energy Information Administration (EIA) also said that the U.S. oil industry may not return to pre-pandemic production levels until 2023, keeping up with the global economic pace to avoid an oversupply. In addition, the market is waiting for the US weekly inventory report that the American Petroleum Institute (API) is due to release today. Experts expect a growth of just under 1 million barrels.
This text was translated by machine from Brazilian Portuguese.