At around 5:31 pm (Brasília time), this Wednesday (06th), the WTI spot contract jumped 0.82% and was traded at US$ 50.34 / barrel on the New York Stock Exchange. The day was motivated by the bullish movement of the past few days and assimilation of additional cuts that will be made in the offer of the Organization of the Petroleum Exporting Countries and Allies (OPEC +) from February. Saudi Arabia will be responsible for the reduction of 1 million barrels per day (bpd), despite the 75 thousand bpd increase in production in Russia and Kazakhstan. In addition, the market continues to follow the advance in the global distribution of the coronavirus and in the vote for the last seats in the United States Senate. Despite the invasion of a pro-Tump group in the US Capitol and Congress. There are also expectations about last week's US oil inventory report that will be updated today by the American Petroleum Institute (API).
This text was translated by machine from Brazilian Portuguese.