In Just One Year, Or Rather, 52 Weeks, Brent Oil Would Have Gone From 64.57 To About 139.13 Dollars For Each Of The Barrels Sold.
During this Monday, May 2nd, Brent oil was trading down by at least 2%, having its accumulated appreciation in just two years in the range of 58%. It is estimated that in just one year, it would have risen by at least 100%, which means it doubled in price. This directly impacts the pocket of the Brazilian consumer since a large part of the Brazilian population, according to data from IBGE, has a monthly income below two minimum wages (R$ 2.4 thousand). In summary, this variation would have been caused by the war occurring between Russia and Ukraine, where Putin claims that he will only stop the attacks after signing an agreement that will prevent the invaded country from being part of groups like NATO, which belongs to the United States.
Brent Oil Price Scares And Gasoline Is Already Over R$ 7, Could Reach Up To R$ 10 By The End Of 2022, Consumer Feels The Loss
Depending on the results of the elections scheduled for October 2022, the price of oil may fall or rise so significantly in our country that it could cause gasoline to reach up to R$ 10 per liter. On social media, internet users express concern about the situation, arguing that in the past, they paid around R$ 200 to fill their car’s tank, and now even R$ 400 won’t suffice.
In Santa Catarina, since 2021, the governor, Carlos Moisés, has already signed a project that would allow for changes in fuel pumps so that the price per liter could be quoted at over ten reais.
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Petrobras finds high-quality oil in the pre-salt at 113 km from RJ and reignites expectations about strategic reserves in the Campos Basin.
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Ocyan opens registrations for startups focused on innovation in the oil and gas sector and will select projects for Innovation Day with the support of Nexio.
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Petrobras announces new oil discovery in the pre-salt of the Campos Basin and reinforces Brazil’s prominence with high-quality reserves that can increase production and energy revenues.
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Alert in the fuel market: Analysts and a former director of ANP warn that oil prices may worsen in the coming months due to global instability.
What Is The Current Price Of A Barrel Of Oil? Now, the price of a barrel of oil is being quoted at around 107.14 dollars per liter considering a negotiation of at least one thousand barrels per purchase. This is one of the highest ceilings of the day and may increase during the week according to geopolitical conflicts.
The Dollar Has Risen Again And The Scenario, Which Until Then Seemed Very Promising, Looks Uncertain
During the trading session last Friday, April 29th, the dollar ended up with a high of about R$ 4.97. In summary, the currency had fallen during the conflicts occurring between Ukraine and Russia. Another factor that was causing the currency to start falling even more significantly was the increase in the Selic rate, which raised the basic interest rates to at least 11.75%. In other words, the Brazilian scenario regarding investments in fixed income and treasury is becoming increasingly promising and highly anticipated.
The Selic rate was increased by the Minister of Economy, led by Paulo Guedes, and the Central Bank of Brazil with the aim of attracting more dollar investors and managing the exchange rate. However, it seems that only the lower classes, the consumers, are being harmed by the situation since loans and financing are becoming increasingly expensive and unfeasible. Another point to highlight is the increased rigidity of banks in lending money.

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