At 3:40 pm (Brasília time), this Friday (5th), WTI oil registered a strong increase of 3.93% traded at US$ 66.39 / barrel on the New York Stock Exchange. Earlier, it renewed maximums at $ 66.40 / barri. The price of fuel continues to follow the news that the Organization of the Petroleum Exporting Countries and Allies (OPEC +) has decided to maintain further cuts in the global supply in March and April. Saudi Arabia has also offered to voluntarily suspend an additional 1 million barrels per day (bpd) in its oil production. In addition, the market still understands that the production of the United States will not recover in the short term after stoppage in the activities with extreme cold wave in the last days. Expectation also with the vaccination of the coronavirus, approval of economic stimuli to the United States and report of counting the number of active platforms in the country.
This text was translated by machine from Brazilian Portuguese.