The price of oil and the dollar have remained largely stable these days. The price of crude oil in the last few weeks was between US $ 72 and US $ 76, and on May 31 it was produced at US $ 72.32, yesterday it was at US $ 75.84. The dollar has been between $4,150 and $4,250.
Sales expectations affect the future price of crude oil, for example, China’s Central Bank lowered interest rates for short-term loans, which suggests an increase in fuel demand from the largest crude oil importer in the the world
In the Ministry of National Finance, calculations will be made with Brent, the benchmark of Colombia, at US $ 78.6 per barrel and according to JP Morgan & CO, the largest bank in the United States and one of the largest companies in the – world, the highest price of Brent will be in the second half of the year at US $ 82.
Market eyes are also focused on the Fed’s next monetary decisions, including that inflation in the United States fell to 4% in May, the lowest figure in 12 months who left Managers may choose to reduce the reference rate changes this year, and leave them between 5 and 5.25%, which everyone was waiting for. However, in the second half of the year there may be more increases in reference rates until the inflation is lower to 2%, which is the objective of the FED.
After four months, this week the presentation was announced for the first budget debate in the country, for 2024. It will be $16.9 billion and not $25.4 as was originally proposed. $2.19 billion will be allocated for Education and $2.03 billion for Health.
And in the updates from the Ministry of Finance on Colombia’s economic projections for the period of 2023, GDP growth of 1.6%, inflation of 9.2% and debt equal to 55.8% of GDP, one dollar is expected at $4,640, a barrel of Brent Oil at US$78.6 and a fiscal deficit equal to 4.3% of GDP.
2024-05-11 21:01:21
#green #ripe
