The dollar in Colombia closed the day with a fall of 0.77%. A barrel of Brent oil ended the London futures market at $ 67.04, up 2.60% from the end of the previous session.
The dollar in Colombia closed the day on Wednesday with a fall of 0.77% and stood at $ 3,565.54. The Representative Market Rate (TRM) for tomorrow will be $ 3,578.29.
The most valued shares in the Colombian market were ISA (with a variation of 4.33%), Promigas (2.63%) and Bancolombia (2.42%).
For its part, the price of a barrel of Brent oil for delivery in April ended this Wednesday in the London futures market at US $ 67.04, 2.60% more than at the end of the previous session.
The WTI barrel for delivery in April gained 2.51% to $ 63.22.
US oil trade reserves rose last week relative to the previous one to the surprise of analysts, who were expecting a substantial drop after the polar cold wave that hit part of the country and in particular to the large local producer, the state of Texas.
According to a report by the US Energy Information Agency (EIA) released on Wednesday, on February 19, the country’s commercial crude oil reserves grew 1.3 million barrels (mb) to 463 mb (+ 0.3%), when analysts expected a significant drop of 6.5 mb.
With the massive blackouts paralyzing factories, demand over four weeks fell by almost 4% to 19.5 mb per day (mbd), which explains why less use has been made of reserves. These reserves remain stable over the average of the last five years.
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The New York Stock Exchange ended in a sharp rise Wednesday and the Dow Jones main index on a record.
The Dow Jones gained 1.35% to 31,961.86 points, while the Nasdaq rose 0.99% to 13,597.97 units and the S&P 1.14% to 3,925.43 units.
Federal Reserve Chairman Jerome Powell reiterated Wednesday, the second day of his biannual hearing before lawmakers, that the Fed intends to keep interest rates low, between 0% and 0.25%. He also reassured about the inflation outlook.
He said “rising interest rates (on Treasury bonds) are more of a sign of good growth prospects from the second half and not so much a sign of inflation,” according to Peter Cardillo of Spartan Capital Securities .
The interest rate on 10-year Treasury bonds – which foreshadows inflation expectations – rose above 1.43% on Wednesday morning and then fell to 1.38% after Powell’s words .
The prospect of a new vaccine, that of Johnson & Johnson (+ 1.34%) available soon, and that of the adoption of a $ 1.9 trillion stimulus package, also played a role in the rise of the market, indicated art Hogan, of National.
Again, video game sales company GameStop, was the target of a speculative fever and its stock rose more than 100%, to $ 91.71.
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