At around 4:41 pm (Brasília time), this Wednesday (28th), the WTI spot contract registered an appreciation of 1.46% and was traded at US$ 63.86 / barrel on the New York Stock Exchange. The session was marked by market expectations for the Organization of Petroleum Exporting Countries and Allies (OPEC +), which reaffirmed yesterday (27) that it will contain the fuel supply and not cause oversupply and imbalance in prices. Despite the fact that the Energy Information Administration (EIA) reported today that oil stocks in the United States increased by 90,000 barrels in the last week, but well below the projection of an increase of 660,000 barrels. In addition to the expectations of controlling the coronavirus pandemic and the Federal Reserve's (FED) Federal Open Market Committee (FOMC) decision to keep the United States' basic interest rate between 0% and 0.25%.
This text was translated by machine from Brazilian Portuguese.