Brazilian government is reportedly to detail oil price swing measures at 13:40 GMT / 09:40 EDT
Newsquawk Staff ·
Brazilian government is reportedly to detail oil price swing measures at 13:40 GMT / 09:40 EDT.
What it means
The Brazilian government's upcoming announcement on oil price swing measures could signal a shift in their energy policy or intervention strategy, particularly regarding WTI. This may impact supply dynamics or market sentiment, especially as it may affect regional pricing and inflation expectations. Traders should monitor reactions in oil markets and related currencies.
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
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