At 3:34 pm (Brasília time), this Thursday (29th), the WTI spot contract registered an appreciation of 1.55% and was traded at US$ 64.85 / barrel on the New York Stock Exchange. The oil market reflects positively the information that the United States economy grew 6.4% in the first quarter of 2021, above the 4.3% increase in the previous quarter. Thus, increasing optimism about the global economic recovery and the demand for fuel with signs of control of the coronavirus pandemic with vaccination against mass disease. New York City, USA, also said it will reopen 100% of its economic activities starting in July. The Energy Information Administration (EIA) also reported yesterday (28) that US oil inventories increased by 90,000 barrels in the last week, well below the projection of an increase of 660,000 barrels.
This text was translated by machine from Brazilian Portuguese.