At 3:37 pm (Brasília time), on Monday (12), the WTI spot contract registered losses of 0.66% and was traded at US$ 59.71 / barrel on the New York Stock Exchange. The spot price of the commodity was motivated by the movement of technical adjustments and advances in global vaccination against coronavirus, increasing expectations of recovery in demand for oil soon. European countries are also reopening their economic activities after a period of worsening of the coronavirus pandemic and the imposition of social isolation. The UK today reopens gyms, bars and shops. In addition, last week, the Information and Energy Administration (EIA) reported that US oil stocks fell 3.522 million barrels in the week ending April 2. The volume was much better than the forecast of a fall of 1.436 million barrels in the previous week and a forecast of a decline of 876 thousand barrels.
This text was translated by machine from Brazilian Portuguese.