At 3:37 pm (Brasília time), Monday (11th), WTI oil fell by 0.21%, trading at US$ 52.13 / barrel on the New York Stock Exchange. The session went to the negative side, reflecting the technical movement of profit-taking after gains in the last days, renewing maximums, due to the cuts in Saudi Arabia's supply starting in February amid the pandemic. In addition, China has announced that lockdowns will be re-enforced in some cities in order to control the new growth of coronavirus contamination and deaths, as well as in other countries. Social containment measures also increase uncertainties about the global economic recovery and, consequently, demand. According to the World Health Organization (WHO), more than 90 million people have been infected by the disease worldwide and deaths are close to 2 million.
This text was translated by machine from Brazilian Portuguese.