Oil prices spiked Monday (9) as global equity markets fear an escalating conflict in Israel and the Gaza Strip.
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The Ministry of Development, Industry, Trade and Services expects the 2023 Brazilian trade balance to post the highest surplus ever due to the declining prices of leading imports.
This Sunday (2), influential oil-producing countries such as Saudi Arabia, Russia, and Iraq announced they would reduce oil production as of May. This measure was taken due to the recent drop in prices and the prospect of increased Chinese demand.
Company reported to the Saudi stock exchange on Tuesday (10) it would increase output starting April. Gulf markets rebounded.