Oil futures contracts will register a gain of more than 2%, at this sixth fair (2). The commodity was supported by the appetite for the risk, after the United States Senate the previous night had approved a project to raise the top of the dividend and also with a focus on the numbers of the monthly report of jobs (payroll) in the United States. His own sector, there were expectations for the meeting of the Organization of the Oil Exporting Countries and Allies (Opec+), starting this Sunday, which may or may not adjust their production levels.
The WTI for July dated high of 2.34% (US$ 1.64), at US$ 71.74 a barrel, on the New York Mercantile Exchange (Nymex), and the Brent for August advanced 2.49% (US$ 1.85), at US$ 76.13 or barrel, on the Intercontinental Exchange (ICE). In weekly comparison, WTI fell 1.28% and Brent fell 1.10%.
The contracts have not shown a positive signal at the beginning of the day, with the approval of the project on the top of the US division, which removed a radar uncertainty. After the payroll with mixed numbers, a commodity expanded profits, in the general picture of appetite for risk among investors. With this, even the appreciation of the dollar was not enough to prevent you from earning.
No, OPEC+ meets from Sunday. The majority expects that there will be no cuts, but some do not rule out any measure, possibly taken for example only by Saudi Arabia, at a time of internal tensions in the group (read more in the 11:59 special).
Capital Economics does not expect changes from Opec+ at this time. The consultancy notes that it is not clear if Russia has complied with the combined cuts and also says that the group of countries does not want to lose market fatia.
Já in the evaluation of Oanda, the contracts will have more strength for the end of this week with the perception that the US is not heading for a recession, at least for a while. For her, the market shows certain caution about Opec+, without ruling out eventual Saudi action.
Source: CNN Espanol