Brent oil futures for delivery in March closed on Wednesday with a gain of 0.39 percent, at 76.48 dollars per barrel, 6.48 dollars above the average price approved by the 2025 State Budget (OGE). In mid-January, Brent, the benchmark for Angola, was traded at 80.74 dollars per barrel, 10.7 dollars above the average price set by the 2025 OGE, which is 70 dollars.
According to experts, Donald Trump’s inauguration as President of the United States triggered significant movements in financial markets. Investors’ reactions to his first executive orders raise questions – especially concerning the impact on stocks, but also on the oil market.
While expectations were more optimistic until mid-January, the current scenario disappoints predictions, suggesting that in the short term, the trend will remain negative, and that the 93.78 dollars forecasted for the end of 2024 was an error in judgment, with the barrel continuing to lose value.
Source: Jornal de Angola
