Oil recovered losses on Wednesday and closed stable dollar

After a day in the middle of the week when oil prices saw a sharp decline and the dollar reacted to global trade tensions, Thursday's operations resulted in relatively stable results for both markets.

Regarding the currency, it closed the day at an average price of $ 2,882, which meant a slight increase of $ 1.9 compared to the MRT of $ 2,880.1. There was no major change in the session and the currency fluctuated between a low of $ 2,871.7 and a high of $ 2,893.

Juan David Ballén, director of research at Casa de Bolsa, pointed out that "what is observed this week is a very stable exchange rate and oil prices with high volatility, as expected with the news that has occurred. "

The badyst commented that the fact that the exchange rate remained stable on Thursday" after the sharp drop in oil prices on Wednesday, with which one would expect to see the devaluation the dollar against the local currency more strongly. "

For its part, oil prices have stabilized after the International Energy Agency (IEA) warned that the cushion of The world's oil supply could be affected by production losses in several countries in recent weeks. The benchmark for Brent crude closed at US $ 74.2 per barrel after recovering just over 1% of its value, while WTI fell by 0.20% to US $ 70.2 per barrel. fenced.