At around 5:39 pm (Brasília time), this Tuesday (5th), the WTI spot contract jumped 4.70% and was traded at US$ 49.86 / barrel on the New York Stock Exchange. The second session of 2021 followed the news that the Organization of the Petroleum Exporting Countries and Allies (OPEC +) decided to increase the cuts in its production amid economic uncertainties due to the coronavirus. The cut of 1 million barrels per day (bpd) will be carried out in Saudi Arabia's production starting in February, despite the 75,000 bpd increase in production in Russia and Kazakhstan. In addition, expectations accompany vaccination of the disease and the return of restrictive social measures to contain the new growth of infections in the United States, Europe and Asia. The UK has announced the release of a £ 4.6 billion stimulus package for companies affected by the new lockdown. Attention also to the second round of voting for the last seats in the US Senate, which should impact the government of President-elect, Joe Biden.
This text was translated by machine from Brazilian Portuguese.