Brazil - Oil in the middle of the way

Due to the sequence of oil prices this year, the barrel of Brent oil, which is a reference on the international market, has increased more than 15% - The alert signal has shone to the economist and world leaders on the risks of financial impact in the global economy, still fragile, due to the high unemployment rate in U.S. and a new economical recession in Europe, on the way. There are voices saying the oil has replaced the debt of Greece as a source of uncertain. In 2012, the average price of Brent barrel has reached USD$ 117,21 , according to Bloomberg survey up to last march 28TH, that it is quite superior to the average price of last year based in USD$108,77. Experts has valued that, in case of the prevalence of the price differences up to the end of 2012, it will mean losses up to USD$562 billion of World GDP, what is to say 1% of Global GDP.If we take into account the rise of USD$17,85 in force at the end of 2011(USD$106,31) and last march 28th, USD$124,26, the amazing amount of USD$1,122 trillion may turn into dust next year. Several studies esteem the financial great impact of expensive oil prices. Last Thursday, the Cooperation and Economic Development Organization – OECD- which gathers developed countries, has divulged the recent high prices of oil, may reduce the economic growth for those countries in 2013 on the average basis of 0,1% to 0,2% . Fitch Agency predicts a worse scenario, it projects that if the oil Barrel has an average price of USD$150 this year, the World GDP would have a drop of 0,4% in 2012 and 0,4% in 2013. In Brazil, the loss would represent the percentages of 0,7% and 1,3%, respectively.Source:OGlobo-Translation:EGE