Ecopetrol’s stock plummets on the Colombian stock exchange

Ecopetrol’s stock collapsed on the Colombian Stock Exchange (BVC) this Friday with a 6.97% contraction taking the price to $2,055.

At the global level, the Brent and WTI references also show a downward trend in their quoted prices.

The price of Texas Intermediate Oil (WTI) opened this Friday with a deep drop of 3.33% to $80.71 a barrel, with investors once again concerned about the threat of a global recession and rising prices. .

Oil prices fell as demand for fear was fueled by rising interest rates and a stronger dollar.

However, these losses were limited by Moscow’s campaign of mobilization in its war with Ukraine and the apparent deadlock in talks on reviving the Iran nuclear deal.

Source: El heraldo