The calculations were made considering a parallel movement of US$ 5 per barrel in the curve of the BRENT and JET crude futures benchmark price at the end of December 2017 and the end of December, 2016.
Positions as of December 31, 2017 | Positions as of December 31, 2016 | |||
Benchmark price | effect on equity | effect on equity | ||
(US$ per barrel) | (millions of US$) | (millions of US$) | ||
+5 | +1.8 | +3.12 | ||
-5 | - 3.3 | -4.78 |