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Oil futures finished higher for a third straight session, with WTI up about 5% to settle at $73.71, its highest close since late August. Traders were awaiting Israel's response to Iran's missile barrage, and concerns over disruption to regional crude flows were growing.
Rising risk of a wider Middle East conflict that could disrupt crude exports supports higher energy costs, with knock-on effects for feed transport and processing.
marketwatch.comMyra P. Saefong,William Watts3 Okt 2024Setelah 626 peristiwa geopolitik bullish sebelumnya, Minyak Mentah (WTI) bergerak median +2,1% selama 5 sesi (62% lebih tinggi; separuh tengah -2,3% sampai +8,5%), dan +1,6% selama 20 sesi.
Setelah 656 peristiwa geopolitik bullish sebelumnya, Minyak Mentah (Brent) bergerak median +1,9% selama 5 sesi (63% lebih tinggi; separuh tengah -2,7% sampai +6,6%), dan +0,7% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Oil rose a third straight session as traders awaited Israel's response and feared regional crude flow disruption.
