At around 6.40 pm (Brasília time), this Tuesday (13th), the WTI spot contract registered gains of 0.80% and was traded at US$ 60.18 / barrel on the New York Stock Exchange. The American Petroleum Institute (API) reported today that oil stocks in the United States fell 3.608 million barrels in the last week. The result was better than the fall of 2,618 million barrels in the previous week and projection of -2,154 mln barrels by experts. In addition, the Organization of Petroleum Exporting Countries (OPEC) started to forecast an increase of 5.95 million barrels per day (bpd) in global demand for the commodity in 2021. The new estimate is 70 thousand bpd (or 6, 6%) above last month. The news alleviates market fears of a possible oversupply of fuel in the world amid continuing uncertainties about the coronavirus pandemic, despite advances in mass vaccination, and a recent increase in the group's supply.
This text was translated by machine from Brazilian Portuguese.