At 3:55 pm (Brasília time), Tuesday (05), WTI oil registered a strong increase of 4.89%, trading at US$ 49.97 / barrel on the New York Stock Exchange, renewing 10-month highs. The Organization of the Petroleum Exporting Countries and Allies (OPEC +) today reached an agreement on the policy of cuts in its production after two days of negotiations and reviews due to the pandemic. The cut of 1 million barrels per day (bpd) will be carried out in Saudi Arabia's production starting in February, which will be contrasted by the 75,000 bpd increase in production in Russia and Kazakhstan. In addition, the UK government has announced that the £ 4.6 billion economic stimulus package will be released to companies affected by the coronavirus and new lockdown imposed to stem the progress of coronavirus.
This text was translated by machine from Brazilian Portuguese.