At 3:38 pm (Brasília time), this Thursday (25th), the WTI spot contract registered a sharp drop of 4.20% and was trading at US$ 58.64 / barrel on the New York Stock Exchange. The price of oil was negative in this profit-making session after jumping more than 5% the day before with naval congestion in the Suez Canal in Egypt. The market also remains apprehensive about the future of global fuel demand, following the significant growth in the number of cases, hospitalizations and deaths caused by the coronavirus across Europe, with the British variant (B117) predominating. In addition, yesterday (24), the Information and Energy Administration (EIA) pointed out that the United States oil stocks registered an increase of 1.912 million barrels last week, compared to an increase of 2.396 million barrels in the week previous.
This text was translated by machine from Brazilian Portuguese.