At 3:50 pm (Brasília time), this Thursday (11th), WTI oil registered losses of 0.60%, traded at US$ 58.33 / barrel on the New York Stock Exchange. The session continues on the negative side, reflecting the technical movement of profit realization after gains the day before with the weekly drop of more than 6 million barrels in the United States stocks verified by the Energy Information Administration (EIA). The Organization of Petroleum Exporting Countries (OPEC) today updated its monthly forecast for world demand by 5.79 million barrels per day (bpd) this year, to 96.05 million bpd, down 110 thousand bpd from expectations of the last month. In addition, the market continues to fear the impacts of the continued spread of coronavirus on the economy and global demand for fuel. The Chinese Lunar New Year celebrated from tomorrow (12) should also hamper Asian purchases of American oil. The US Department of Labor reported today that claims for unemployment benefits totaled 793,000 last week, out of 812,000 claims previously and above the expectation of 757,000 claims.
This text was translated by machine from Brazilian Portuguese.