Drop of 4.022 million barrels surprises the market, exceeds forecasts and boosts oil prices, with WTI and Brent closing higher on the main exchanges
The American Petroleum Institute (API) reported this Tuesday (7) a reduction of 4.022 million barrels in United States crude oil stocks in the week ending December 31.
The result surprised analysts, who predicted a drop of just 250 thousand barrels for the period. In the previous week, the API had already reported a reduction of 1.442 million barrels.
The news moved the energy market, with oil prices rising this Tuesday.
The February contract for West Texas Intermediate (WTI) rose 69 cents, or 0.94%, to close at $74.25 per barrel on the New York Mercantile Exchange. Brent, the global reference for the month of March, advanced 75 cents, or 0.98%, ending the session at 77.05 dollars per barrel on the ICE Exchange in London.
The drop in stocks reflects an increase in demand and fuels the expectation that prices may continue to rise, even amid global uncertainty.
With information from News Agencies*
Source: https://www.ocafezinho.com/2025/01/07/petroleo-some-dos-tanques-americanos-e-mercado-ferve/
