At 3:41 pm (Brasília time), this Tuesday (27th), the WTI spot contract registered an increase of 1.15% and was traded at US$ 62.62 / barrel on the New York Stock Exchange. The commodity's spot price was marked by the technical movement of adjustments in positions and maintenance of the forecast for growth in global demand for oil by the Organization of Petroleum Exporting Countries and Allies (OPEC +), at 5.95 million barrels per day (bpd) this year, to 96.5 million. The group meeting that would take place this afternoon has been postponed until the end of May, opening room for further analysis on the critical situation of the coronavirus in India, despite advances in vaccination against the disease in European countries and the United States. In addition, there is attention surrounding the first speech by US President Joe Biden to Congress this afternoon and another Federal Reserve (FED) monetary policy meeting.
This text was translated by machine from Brazilian Portuguese.