At around 5:40 pm (Brasília time), this Monday (18th), the WTI spot contract retreated 0.58% and was traded at US$ 52.09 / barrel on the New York Stock Exchange. The first session of the week continues the recent losses and looks to the recovery of global demand with the coronavirus pandemic and the approach of the new increase in the offer of the Organization of the Petroleum Exporting Countries and Allies (OPEC +) from February. Despite this, the Chinese Gross Domestic Product (GDP) ended 2020 with a 2.3% increase, one of the only among the largest economies in the world that managed to avoid a retraction in a pandemic year. The country's industrial production jumped 7.3%, higher than expected by the market.
This text was translated by machine from Brazilian Portuguese.