# Colombian peso recovers as price of Brent crude rises | The City Paper Bogotá

> The Colombian peso strengthened to its highest level in about 20 months, trading near 2,800 pesos per dollar, as Brent crude climbed to around US$65 a barrel, its highest since January 2014. Analysts attribute the move to tightening US crude stockpiles and OPEC supply restraint. Some expect further gains for the peso between March and April.

- Date: 2018-02-05 · published 2018-02-05T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/66753-colombian-peso-recovers-as-price-of-brent-crude-rises-the-city-paper-bogota
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Higher oil prices lift Colombia's oil and gas export revenue, which had collapsed after 2015, and support the peso. For feed buyers, the effect on grain and meal prices is indirect.

## Read by commodity

- BRENT: bullish ▲
- USDCOP: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-01-30 | [Crude oil prices today: WTI, Brent rise after IMF forecast](https://feedsoft.ai/events/32274-crude-oil-prices-today-wti-brent-rise-after-imf-forecast.md) | -5.5% | +0.1% |
| BRENT | 2026-04-30 | [Global energy costs rise as Iran war affects Brent crude oil price \| AP News](https://feedsoft.ai/events/19893-global-energy-costs-rise-as-iran-war-affects-brent-crude-oil-price-ap-news.md) | -15.3% | -21.9% |
| BRENT | 2020-05-26 | [Mexican Peso Hits Two Month High as Crude Rises Above $35](https://feedsoft.ai/events/53340-mexican-peso-hits-two-month-high-as-crude-rises-above-35.md) | +8.9% | +25.2% |
| BRENT | 2024-01-26 | [Crude oil prices today: WTI, Brent on pace for weekly gain](https://feedsoft.ai/events/32275-crude-oil-prices-today-wti-brent-on-pace-for-weekly-gain.md) | -2.4% | +2.9% |
| BRENT | 2023-07-31 | [Goldman Sachs: China Is The Biggest Driver Of The Oil Price Rally \| OilPrice.com](https://feedsoft.ai/events/35217-goldman-sachs-china-is-the-biggest-driver-of-the-oil-price-rally-oilprice-com.md) | +2.4% | +0.2% |

## Sources

- thecitypaperbogota.com: https://thecitypaperbogota.com/business/colombias-petropesos-begin-to-flow-as-price-of-brent-rises/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.