Crude oil rose 5%

Brent crude oil rose 5.4% and closed at $64. WTI crude oil rose 5.3% and closed at $60.80. The increases are due to a report on crude oil inventories in the United States, which showed a higher demand from refineries, and to difficulties in navigation in the Suez Canal, a key route for crude oil shipments from Arab oilfields.

The U.S. could complicate Argentine steel and aluminium exports: $700 mn at risk

The inauguration of the US Secretary of Commerce, Gina Raimondo, came with disturbing news for Argentina: she anticipated global tariffs changes in the short term. Argentina achieved quotas for steel exports of 180,000 tons complied with and that enter without paying tariffs. The same applies to aluminium, which shipped without restrictions. It maintained until now. For Argentina, this means total exports of $700 million. That is what is at stake if this preference is modified.

Argentine industrial group Libson announced investments of $1.97 mn

The industrial group Libson relaunched its household appliances brand Nueva Neba, which includes launching a new line of electric ovens and the execution of an investment plan of 180 million pesos ($1.97 million). The Argentine capital company currently produces close to 90 thousand units per year, including refrigerators and freezers, and will add to its family a new range of electric ovens.