At 3:45 pm (Brasília time), this Tuesday (30th), the WTI spot contract registered losses of 1.64% and was traded at US$ 60.52 / barrel on the New York Stock Exchange. The session was pressured by technical profit-making movements after gains the day before and uncertainties about the recovery of the economy and global demand with signs of a new wave of contamination of the coronavirus in Europe. In addition, there is caution in the market with the proximity of the meeting of the Organization of the Petroleum Exporting Countries and Allies (OPEC +). Investors expect the group to maintain steady production in May after a six-day stranding of a mega carrier in the Suez Canal in Egypt and the explosion of the Balongan oil refinery owned by the state oil company Pertamina in West Java, Indonesia. . Even today, the American Petroleum Institute (API) is releasing its updated weekly newsletter on US oil stocks last week.
This text was translated by machine from Brazilian Portuguese.