Economy

Oil falls sharply as talks between Russia and Ukraine advance

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The price of oil on the international market sank this Wednesday (9) as advances in the dialogue on a solution to the war in Ukraine reduced the panic of investors, potentiated the day before by the decision of the United States to ban the import of the raw material produced. in Russia.

Russia has indicated that it prefers to achieve its goal of securing Ukraine’s neutrality through negotiations, Russian Foreign Ministry spokeswoman Maria Zakharova said on Wednesday. A new meeting between representatives of the two countries should take place on Thursday (10), in Turkey, according to Reuters.

Zakharova also stated that the Russian invasion of Ukraine is not aimed at overthrowing the government.

Also showing willingness for a diplomatic outcome, Ukraine agrees to discuss its neutrality, as long as it has security guarantees and does not have to cede territory, according to Ihor Zhovkva, deputy chief of staff to Ukrainian President Volodymyr Zelensky.

“We are certainly ready for a diplomatic solution,” Ihor Zhovkva told Bloomberg news agency.

Brent crude, which is the most traded, fell 12.5% ​​to US$ 112.86 (R$ 565.29), early this Wednesday night. The fall, however, occurs after the commodity reached US$ 127.98 this Tuesday (8). The tension involving Russia, one of the main global producers of oil and derivatives, brought the price of the raw material close to the high of US$ 146.08 (R$ 748) recorded on July 3, 2008.

The commodity’s fall brings some relief to investors, although uncertainties about the war remain. Global financial markets are trading sharply higher.

In the United States, the Dow Jones, S&P 500 and Nasdaq indexes rose 2.00%, 2.57% and 3.60%, respectively.

In Europe, the indicator that tracks the 50 largest companies in the euro zone soared 7.44%. The London Stock Exchange closed up 3.25%. Paris and Frankfurt jumped 7.13% and 7.92%, in that order.

Reflecting the reduction in risk aversion, the dollar lost value against 17 currencies of emerging countries, considering a list of 24 currencies.

In the Brazilian foreign exchange market, the dollar closed down by 0.77%, at R$5.010. At the lowest price of the day, it had retreated to R$ 4.9850. Among emerging markets, the real presented the eighth best spot return against the US currency.

The Ibovespa, reference index of the Brazilian Stock Exchange, jumped 2.43%, to 113,900 points.

actionsbovespadollarEuropeexchangehandbagKievNATOPetroleumRussiasheetUkraineUSAVladimir PutinVolodymyr ZelenskyWar in Ukraine

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