Loading…
Oil prices rose more than 20% in 2019 without sharp spikes, despite attacks on Saudi Arabia, sanctions on OPEC members and large supply cuts. Analysts expect prices to stay rangebound in 2020 as US supply grows.
Expected rangebound crude and growing US supply suggest limited energy-cost pressure on feed and biofuel margins in 2020.
reuters.comDevika Krishna KumarDec 30, 2019After 102 past neutral macro events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% over 20.
After 54 past neutral macro events, Crude Oil (Brent) moved a median +0.4% over 5 sessions (57% higher; middle half -2.8% to +2.5%), and +0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
