Brent oil, a reference for the international market, rises more than 2% with agreement between US and China; Prio and Petrobras advance (Image: Canva/Reproduction – Assembly: Giovanna Figueredo)
On a day of strong risk appetite in Brazil and abroad, oil companies gain strength and operate among the largest highs of Ibovespa (Ibov) This Monday (12). Prio (Prio3) figured as the action with the best performance of the main index of the Brazilian scholarship.
Around 12:40 pm (Brasília time), Prio3 It rose 5.13%, at R $ 38.66. Following, Petroreconcavo (Recv3) was high of 2.96%, to R $ 14.63 and Brava Energy (BRAV3) registered gains of 1.92%, to R $ 20.19. Follow the real time.
In case of Petrobras, the ordinary actions (Petr3) had a feed of 2.68%, at R $ 34.09, while preferred shares (Petr4) rose 2.78%at R $ 31.77 – the most negotiated papers in the domestic stock market with more than 30 thousand businesses expecting to balance the first quarter of 2025 (1T25).
The shot of oil papers is linked to oil performance in the international market. THE Brent’s more liquid contract, world reference, for June, has a rise of about 2%, with a barrel at $ 65 level.
What drives oil today?
Oil is considered a main “thermometers” in the market to measure the appetite and risk aversion of investors. This Monday (12), the good mood of financial agents is driven by the temporary agreement between the United States and China on additional import rates, signed the day before (11).
The two largest economies in the world have reduced rates on goods and goods for 90 days. During the period, US fare over Chinese products fell from 145% to 30%, while China’s rates over US products went from 125% to 10%.
“The news that China and the United States have agreed to reduce – at least momentarily – the tariffs for trade between the two countries, naturally, sounds like music to investors’ ears,” said the team from Investimentos, in a customer report.
Today (12), US President Donald Trump said that rates on China products will not return to 145% after the three -month period. According to him, Washington and Beijing will come to a definitive agreement.
This was the second agreement signed by the United States with partner countries after Trump’s ‘tariff’. The first was announced by the US and the United Kingdom last Thursday (8).
Source: Moneytimes
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