Loading…
Oil prices rose on October 10 after OPEC Secretary-General Barkindo said the group could act to balance markets and would decide on 2020 supply in December. Brent settled up 1.3% at $59.10 and WTI rose 1.8% to $53.55.
Signals of possible OPEC+ supply action support crude prices, which affect diesel and energy costs across feed supply chains.
financialpost.comReutersOct 10, 2019After 442 past bullish policy events, Crude Oil (Brent) moved a median +1.4% over 5 sessions (60% higher; middle half -2.0% to +4.9%), and +2.1% over 20.
After 438 past bullish policy events, Crude Oil (WTI) moved a median +0.9% over 5 sessions (61% higher; middle half -2.2% to +4.6%), and +2.0% 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.
