At 3:48 pm (Brasília time), this Wednesday (31st), the WTI spot contract registered losses of 2.13% and was traded at US$ 59.26 / barrel on the New York Stock Exchange. The President of France, Emmanuel Macron, announced recently that the whole country will enter a lockdown starting on Saturday, the 3rd. The objective of the measure is to contain the new growth of cases and hospitalizations of the coronavirus and prevent collapse in the health system. In addition, the Organization of Petroleum Exporting Countries and Allies (OPEC +) started to estimate the increase in global demand for oil to 2021 at 5.6 million barrels per day this year, down from 5.9 million in the previous forecast. Yesterday (30), the American Petroleum Institute (API, in English) reported that the United States oil stocks registered growth of 3.910 million barrels in the last week.
Press by the Information and Energy Administration (EIA) to have reported a drop of 876 thousand barrels, compared to a growth of 2 million barrels in the previous week and an increase forecast of 107 thousand barrels
This text was translated by machine from Brazilian Portuguese.