Dollar rises almost 1% against the real, Ibovespa advances with Petrobras and oil soars

The dollar rose almost 1% compared to the real this Thursday (1st). The United States currency gained strength abroad amid risk aversion caused by tensions in the Middle East and the rise in oil prices.

On the stock market, Ibovespa advanced, supported mainly by Petrobras shares, despite investors' caution given the international scenario and the proximity of the first round of elections.

Main numbers

Cash dollar: R$5.224 (+0.97%);

Ibovespa: 187,197.46 points (+0.46%);

Brent oil: US$ 102.31 (+4.37%);

WTI oil: US$ 92.87 (+2.71%).

Dollar on the rise

The commercial dollar ended the session with an increase of 0.97%, at R$5.224. The price reached R$5.169 at its minimum, at 9:40 am, and reached R$5.240 at its maximum, just before 2 pm. During the year, the currency accumulated a fall of 4.83%.

The movement accompanied the appreciation of the American currency abroad. The DXY index, which measures the dollar's performance against a basket of six strong currencies, advanced 0.58%, to 102.040 points, after reaching a maximum of 102.207.

The international environment was marked by concern about the economic effects of the war in the Middle East. The rise in oil prices also reinforced concerns about inflation and helped support the search for assets considered more defensive.

Stock market advances

The Ibovespa closed the first trading session of October up 0.46%, at 187,197.46 points.

The appreciation was mainly supported by Petrobras shares, which benefited from the strong rise in oil prices. The movement occurred despite investors' caution regarding the external environment and the proximity of the first round of elections.

The index ended September with an increase of 5% and accumulates appreciation of 16.2% in the year. This Thursday's financial volume was R$26 billion.

In the United States, the S&P 500, of the 500 largest companies, closed up 0.19%. The markets also followed the behavior of US Treasury bonds and the effects of the appreciation of oil on expectations for inflation and interest rates.

Oil accelerates

Oil closed sharply higher this Thursday. The movement was influenced by tensions in the Middle East and concerns about fuel supply.

A reference for international negotiations, the Brent barrel rose 4.37% and closed at US$ 102.31.

Texas-based WTI oil rose 2.71%, ending the session at US$92.87 per barrel.

The increase gained strength during the afternoon, given information about the deployment of United States military forces to the Middle East and new uncertainties about the conflict with Iran.

The market also followed the possibility of the release of diesel stocks by the European Union, amid concerns about global supply. China has suspended exports of petroleum products to destinations outside Hong Kong and Macau until further guidance.

*With information from Reuters.