At around 6.40 pm (Brasília time), this Thursday (11th), the WTI spot contract registered losses of 1.18% and was traded at US$ 57.99 / barrel on the New York Stock Exchange. The day was marked by the technical movement to make profits and increase the forecast of global demand this year, despite the uncertainties about the continuous spread of the coronavirus. The Organization of Petroleum Exporting Countries (OPEC) expects demand to reach 96.05 million bpd, down 110 thousand bpd from the previous month's expectations. The arrival of the Chinese Lunar New Year starting tomorrow (12) should also hamper Asian purchases of American oil.
This text was translated by machine from Brazilian Portuguese.