At around 6:37 pm (Brasília time), this Monday (5th), the WTI spot contract registered a sharp fall of 4.56% and was traded at US$ 58.65 / barrel on the New York Stock Exchange. The first session of the week was marked by the technical movements of profit realization and the decision of the Organization of the Petroleum Exporting Countries and Allies (OPEC +). In the last week, the group decided to increase the global supply by 350 thousand barrels per day (bpd) in May and June and 400 thousand bpd in July. In addition, the growth of coronavirus infections in India and Poland is also on the radar, mainly with the UK variant predominating in most of Europe. Despite the virus control and relaxation of social isolation in Portugal and the United Kingdom.
This text was translated by machine from Brazilian Portuguese.