On Friday, oil futures experienced a decline, continuing a pattern of correction following a peak at four-month highs driven by geopolitical tensions. The price for May delivery of West Texas Intermediate (WTI) oil decreased by 0.54%, settling at $80.63 per barrel on the New York Mercantile Exchange. Concurrently, Brent crude for June delivery saw a […]
Related Posts
Brazil’s Central Bank Prudent Steps in Brazil’s Monetary Tightrope
The Central Bank of Brazil’s Committee on Monetary Policy (Copom) has recently expressed concerns about the unpredictable pace of inflation reduction. This uncertainty is driven by persistent inflation in the service sector, strong economic activity, and wage increases. In response, the committee reduced the Selic rate from 11.25% to 10.75% annually during their latest meeting. […]
Brazil eyes new investment in Cuba amid debt talks
In the latest Brazil news, the country eyes new Investment in Cuba amid debt talks. President Lula visits Cuba to address the US$520 million debt issue. Lula’s chief foreign policy advisor, Celso Amorim, said, “We can invest in Cuba, even with other countries.” Brazil has previously funded Cuba and always received repayment. Relations worsening led […]