At 3:39 pm (Brasília time), this Wednesday (03), WTI oil registered a strong increase of 3.30% traded at US$ 61.72 / barrel on the New York Stock Exchange. Earlier, it reached $ 61.99 / barrel. The commodity is strongly supported by information that the Organization of Petroleum Exporting Countries and Allies (OPEC +) is considering maintaining cuts in global supply in March and April. The group's next meeting will take place tomorrow (03), virtually. In addition, the recent halt in production in the United States and an increase in domestic demand offsets the strong growth in inventories in the country in the past week. According to data from the Information and Energy Administration (EIA), the stockpiled volume jumped 21.563 million barrels due to the extreme cold, well above the drop of 828 thousand barrels expected by experts. The market also remains optimistic with discussions on the US$ 1.9 trillion aid package in the US Senate and easing restrictive social measures amid vaccination against the coronavirus, despite the increase in deaths worldwide.
This text was translated by machine from Brazilian Portuguese.