At 3:42 pm (Brasília time), this Monday (5th), the WTI spot contract registered a strong devaluation of 4.20% and was traded at US$ 58.87 / barrel on the New York Stock Exchange. The commodity reverses the recent strong valuations influenced by the technical movements of profit realization and more negative assimilation of the decision of the Organization of the Petroleum Exporting Countries and Allies (OPEC +) to increase the global offer by 350 thousand barrels per day (bpd) in May and June and 400 thousand bpd in July. The group also expects growth of 5.6 million bpd in global demand this year, less than previously estimated. In addition, the growth of coronavirus infections in India and Poland is also on the radar, mainly with the UK variant predominating in most of Europe. There is also no more significant information on the recovery of the economy and global demand for oil from the United States.
This text was translated by machine from Brazilian Portuguese.