Brent oil, a reference for Colombia, was trading at a price of US$84.26 per barrel, rising 0.71%, while WTI was trading at US$79.48, increasing 0.67%.
The dollar closed lower on Friday; However, the market remains awaiting key US non-farm employment figureswhich could change bets on when the Federal Reserve will start cutting rates.
The currency closed this FridayandIt has an average price of $3,895.02, being $3.6 below the TRM, which for today was $3,898.62. In addition, the currency reached a maximum price of $3,925 and a minimum price of $3,856 during the day. 1,981 movements have been made for an amount of US$1.024 millions.
According to Bloomberg, nonfarm payrolls data is the next big trigger for markets after Federal Reserve chief Jerome Powell will effectively allay concerns about a possible rate hike. The projected gain of 240,000 jobs would be the weakest since November.
“NFP gains have likely slowed, but at a level that has remained strong” wrote Credit Agricole CIB strategists led by Sébastien Barbé. “The ‘higher for longer’ narrative should still hold true, but at this stage the market has already largely discounted it.”
According to Reuters, oil rose on the prospect that Opec+ continue production cutsbut crude oil benchmarks were heading for their biggest weekly losses in three months as demand uncertainty and easing tensions in the Middle East reduced supply risks.
Brent oil, a reference for Colombia, was quoted at a price of US$84.26 per barrelrising 0.71%, while WTI was trading at US$79.48, increasing 0.67%.
