Brent Oil Begins Trading at US$63.54

Luanda: The barrel of Brent oil opened trading on the international market at US$63.54, marking a notable increase from its previous session close of US$62.78. This reflects an appreciation of 1.99%. According to Angola Press News Agency, the current price of Brent oil remains below the average value forecast in Angola's General State Budget for the 2025 economic year, which is set at US$70. Brent serves as the reference oil for Angola's exports, making its price fluctuations particularly significant for the country's economic planning and forecasting.