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With the drop of 1,2% this Thursday, June 16, the accumulated high of the barrel of oil reaches 61% in the last 52 weeks.
This Thursday, June 16, the barrel of Brent oil is down 1,2% in view of the increase in interest rates in the United States (USA) by Joe Biden, to contain the inflation left by the pandemic and war between ukraine and Russia. The Selic also influences.
In short, the USA is already considering, in order to contain the high prices, starting to negotiate the purchase of barrels from the Venezuela for the socialist country to pay its foreign debt, which is also existing with the European Union.
High inflation has not only been plaguing the Joe Biden government, but also Bolsonaro, who has been creating strategies, such as the reduction of ICMS charges on fuel, to contain barrel variations on consumers' pockets. Analysts claim that the energy shortage rates applied by the Ministry of Mines and Energy over the last year made the country observe the need to raise the basic interest rate. After all, during the last Wednesday, June 15th, in pre-holiday, the COCOM announced that it would be raising the Selic rate to 13,25%, the highest value since 2016, when the PT government was in charge of Brazil.
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How does Selic affect the price of oil and the dollar? (USA)
In the last trading session, the dollar ended the day being quoted at a range of R$ 5,05. And, as the value of the US currency is what determines the price of a barrel of oil, the higher it is, the more Brazilians tend to pay for the purchase of fuel. The negative impacts end up falling on the consumer's pocket, as shareholders profit from the greater cash inflow while those who need to supply cars and trucks suffer from high rates and constant variations.
A Selic higher is an attempt by the federal government and the Ministry of Economy to control the currency and ensure that it remains stable against the dollar. Initial expectations were that the dollar, with the increase in the Selic, would fall again due to the greater appreciation of the real, but that is not what is happening.
Gasoline for R$10 could be a reality for many Brazilians
A gasoline at R$ 10 may be a reality faced by Brazilians until the end of 2022. A part of the amount is equivalent to the excess prices charged by Petrobras in an attempt to keep up with the foreign market, while the other portion refers to the taxes charged by the states and the scale federal.
In a promotion carried out by the owner of Havan, Luciano Hang, at the beginning of this month, on zero tax day, he removed all federal and state taxes from the pumps in the city of Brusque. Therefore, the price of a liter of gasoline increased from R$7,20 to approximately R$5. Each customer could buy up to 15 liters.
With that in mind, Jair Bolsonaro created a project which will remove the taxes collected by the states, while the federal scale will pass on a part of the value for the governors to invest in development, health and education.
Selic in addition to the price of oil, how does it impact investments?
The high Selic has an impact far beyond oil prices, as well as investments. As such, fixed-income investments are starting to become even more profitable, and the same goes for the Direct Treasury, which is already yielding around 13% per year.
