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NYSE:ALUA 7 March 2026

Bolsa de Comercio de Buenos Aires Last Week: Merval Rebounds, but Oil Shock and Inflation Loom

Bolsa de Comercio de Buenos Aires Last Week: Merval Rebounds, but Oil Shock and Inflation Loom

Buenos Aires shares bounced back Friday, sending the S&P Merval 2.15% higher to end at 2,626,114.83 points. Still, comparing the Feb. 27 and March 6 closes, the index wrapped up the week roughly 0.6% lower than its opening level. This is coming to a head fast—traders don’t have room to relax. Argentina’s February CPI lands March 12. The central bank’s REM survey, out March 5, pushed the consensus for February inflation up to 2.7%, compared with the previous reading. Core inflation? Now at 2.5%. The oil shock just stirs the pot further, clouding the inflation picture.
7 March 2026
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Stock Market Today

  • Crude Oil Prices Drop Sharply as Persian Gulf Supply Recovers and OPEC Tensions Rise
    June 29, 2026, 1:01 PM EDT. Crude oil prices fell sharply on Friday, with August WTI crude down 3.74% to a four-month low amid accelerated tanker traffic through the Strait of Hormuz boosting global supply. Persian Gulf crude exports climbed to at least 75% of pre-war levels, adding pressure on prices. Saudi Arabia's move to resume exports from Ras Tanura and Iraq's threat to quit OPEC over output quotas also weighed on the market. The International Energy Agency cut demand forecasts, while Goldman Sachs lowered Brent crude price outlook for Q4 to $80 a barrel. U.S. crude production estimates were raised by the Department of Energy. Offsetting some downside, Ukrainian drone attacks have disrupted Russian oil infrastructure, limiting Russian crude-processing rates to a 20-year low.
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