Oil Barrel Sees Largest Increase in Two Years as Strike Shakes Market

Written by Daiane Souza

Published on 02/11/2021 at 08:32

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The oil barrel is at its highest level in the last two years, priced at US$ 84, equivalent to a direct transfer of R$ 477.14. The variation in the month of November, in just one day, was around 0.04%, while in August 2021, it showed a slight decrease of 4.38%. In some months, such as June, the increase was over 8%.

Despite these variations, nothing surpasses the mark of increases in February, which reached 18%: the same month when the first truckers’ strike occurred under the government of President Jair Bolsonaro: the sector’s workers demanded a reduction in diesel prices while Petrobras was adjusting prices according to the cost of diesel. The federal government stated at the time that it would exempt federal taxes by 5% but could not get involved directly in the state-owned company’s policies.

Nov 21	84,41	83,26	85,22	83,10	302,90K	0,04%
Oct 21	84,38	78,49	86,70	77,55	6,30M	7,46%
Sep 21	78,52	71,68	80,75	70,42	5,09M	7,58%
Aug 21	72,99	75,39	75,39	64,60	5,51M	-4,38%
Jul 21	76,33	74,69	77,84	67,44	5,85M	1,60%
Jun 21	75,13	69,39	76,60	69,29	5,06M	8,38%
May 21	69,32	66,70	70,24	64,57	5,09M	3,08%
Apr 21	67,25	63,12	68,95	61,25	5,05M	5,84%
Mar 21	63,54	64,85	71,38	60,27	6,63M	-3,92%
Feb 21	66,13	54,91	67,70	54,60	5,09M	18,34%
Jan 21	55,88	51,50	57,42	50,56	5,27M	7,88%
Dec 20	51,80	47,79	52,48	46,82	4,51M	8,85%
Nov 20	47,59	37,37	49,09	35,74	5,04M	27,04%
Oct 20	37,46	42,17	43,57	36,64	5,15M	-8,52%
Sep 20	40,95	45,60	46,22	39,30	4,40M	-9,56%
Aug 20	45,28	43,53	46,53	42,89	3,61M	4,57%
Jul 20	43,30	41,58	44,89	41,03	4,03M	5,22%
Jun 20	41,15	37,56	43,93	37,01	4,28M	16,47%
May 20	35,33	26,95	36,98	25,50	3,80M	39,81%
Apr 20	25,27	25,99	36,40	15,98	6,45M	11,13%
Mar 20	22,74	48,95	53,90	21,65	7,36M	-54,99%
Feb 20	50,52	56,16	60,00	50,05	5,27M	-13,14%
Jan 20	58,16	66,41	71,75	57,71	5,80M	-11,88%
Dec 19	66,00	60,73	68,99	60,30	4,45M	5,72%

In the year 2020, the oil barrel underwent drastic variations that exceeded 54%, as was the case in March. The price had dropped from US$ 50 in February to only US$ 22 a month later. Shortly after this shift, there was a 39% increase in May of the same year. Since then, declines have been even smaller, while increases have exceeded expectations. The reasons for the increase in the international oil barrel value are varied, but specifically, the item is used to create various raw materials such as plastic and fuels. Therefore, its demand has been increasing steadily and gradually.

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Oil Barrel Sees Largest Increase in Two Years as Strike Shakes Market

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