At around 6:39 pm (Brasília time), this Tuesday (06th), the WTI spot contract registered an expressive increase of 1.16% and was traded at US$ 59.33 / barrel on the New York Stock Exchange.
The American Petroleum Institute (API) recently reported that US oil stocks fell 2.618 million barrels in the week ending April 2. The announced volume was above the drop of 1.325 million barrels predicted by experts and the growth of almost 4 million barrels in the previous week. In addition, the market is attentive to the signs of international economic recovery still in the midst of the coronavirus pandemic. The Purchasing Managers' Index (PMI) of the US service sector recorded a historic high of 63.7 points in March and that of China rose to 54.3 points in the same period. Technical moves to adjust positions after WTI oil plunged more than 4% the day before, despite the recent decision by the Organization of the Petroleum Exporting Countries and Allies (OPEC +) to increase global supply in the coming months to try to limit the day's gains .
This text was translated by machine from Brazilian Portuguese.