WTI oil loses more than 2% this afternoon in NY
Strong US bond sales and uncertain global economic worries the market At 15h40 (Brasília time), this Friday (26th), WTI oil registered a strong drop of 2.46% traded at US$ 61.97 / barrel on the Stock Exchange from New York. The session is influenced by technical profit-making movements following recent gains and strong US bond sales with fears of rising inflation. In addition, the market remains cautious about the global economic recovery and, consequently, the demand for fuel, still in the midst of the coronavirus pandemic and the recent growth of US oil stocks in the last week. The Organization of Petroleum Exporting Countries and Allies (OPEC +) will also meet next Thursday (04) to set production quotas for April.
This text was translated by machine from Brazilian Portuguese.