Oil remains above US$110 while global stock markets have mixed performance

Trending videos on g1 The price of oil remains at a high level this Friday (1st), amid uncertainty about the war between the United States and Iran, along with its effects on the global supply of the commodity. At around 6:30 am (Brasília time), a barrel of Brent crude — an international reference — rose 1.48%, being traded at US$ 112.03 per barrel, while the United States’ benchmark oil rose to US$ 105.19. 📱Download the g1 app to see news in real time and for free Doubts about an agreement to consolidate a three-week ceasefire persist, after the Iranian supreme leader stated that the country will maintain its nuclear and missile capabilities. The scenario puts pressure on the US government, which is evaluating alternatives to reopen the Strait of Hormuz, a strategic route for the transport of oil and gas. After the strong rise recorded the day before, the market showed signs of accommodation. Throughout Thursday, Brent for delivery in July reached US$114.70, fell to close to US$107 and ended the day at US$110.40. During the conflict, the peak was US$ 119.50, while, before the war, a barrel was traded at around US$ 70. (see more in the chart below) Holiday empties markets With most markets closed for the Labor Day holiday, global stock markets had limited movement. In London, the FTSE 100 index fell 0.6%. The Nikkei, in Japan, rose 0.7%, and the S&P/ASX 200, in Australia, increased 0.9%. In the US — where markets operate normally this Wednesday, as May 1st is not a holiday in the country — futures contracts rose after a session of records the day before. The S&P 500 advanced 1% and reached a new historic high, while the Dow Jones rose 1.6% and the Nasdaq renewed its record. The movement was driven by results from large companies. Alphabet rose 10% after reporting better-than-expected profits, while Meta fell 8.7% due to forecasts of increased spending on artificial intelligence. Microsoft also retreated, after raising its investment estimates. Recent data show that the American economy lost pace at the beginning of the year, while inflation increased in March. At the same time, unemployment insurance claims fell, indicating fewer layoffs. *With information from the Associated Press Abandoned and damaged extraction pumps over time in a field owned by the state oil company PDVSA on Lake Maracaibo, in Cabimas, Venezuela. Reuters

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