At around 6:36 pm (Brasília time), this Thursday (25th), the WTI spot contract registered a sharp drop of 4.28% and was traded at US$ 58.56 / barrel on the New York Stock Exchange.
The session was marked by market fears about the worsening of the coronavirus pandemic and the return of lockdowns in oil importing countries in Europe and Asia, increasing uncertainties about the recovery of the economy and global demand. Attention also to fuel stocks in the United States, which grew 1.912 million barrels last week, according to data from the Information and Energy Administration (EIA). Despite signs of economic recovery in the country, with requests for unemployment benefits totaling 684 thousand in the last week, compared to an expectation of 730 thousand. Technical profit-making movements were also felt, after a jump of more than 5% the day before with naval congestion in the Suez Canal, in Egypt.
This text was translated by machine from Brazilian Portuguese.