This Tuesday, the dollar closed at $4,914.13 on average, with a drop of $44.29 compared to the Representative Market Rate, which for today is $4,958.42.
The minimum price reached $4,893; while the maximum was $4,946. During the day, more than US$918.6 was traded through 1,249 transactions.
The dollar fell as oil rose on Tuesday following top exporter Saudi Arabia said Opec+ maintained the cuts to pumping and might take more measures to balance the marketcountering fears of a global recession and concerns regarding rising covid-19 cases in China.
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The barrel of Brent oil, the reference for Colombia, rose 2.16% to US$89.34; while WTI rose 2.29% to US$81.87.
The state news agency SPA also quoted Saudi Energy Minister Prince Abdulaziz bin Salman on Monday as denying a Wall Street Journal report that OPEC was considering increasing production, sending prices tumbling further. of 5%.
“Los crude oil prices are trying to recoup their losses,” Naeem Aslam, an analyst at Avatrade, told Archyde.com. “The fact that Saudi Arabia has denied that there has been any discussion of an oil supply increase with OPEC and its allies has supported the market today.”
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A European Union ban on imports of Russian crude will begin on December 5, as well as a G7 plan that will allow shipping service providers to help export Russian oil, but only at forced low prices.
The concern regarding oil demand in the face of interest rate hikes of the Federal Reserve and the strict confinement policies due to covid-19 in China limited the rises in the day.