# Brazil holds rate cut pace, signals bigger moves ahead | Reuters

> Brent crude traded above $87 a barrel, its highest level since April, after data showed a decline in U.S. crude inventories. The article's text carries a July 2024 timestamp that does not match its February 2017 date, and its headline refers to Brazilian rate policy, which the body does not cover.

- Date: 2017-02-22 · published 2017-02-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/72690-brazil-holds-rate-cut-pace-signals-bigger-moves-ahead-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A draw in U.S. inventories tightened the crude balance and lifted energy prices. Higher crude supports diesel and biofuel costs and can pull vegetable oil prices up with it.

## Read by commodity

- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/us-brazil-economy-rates-idUSKBN1610H0/

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