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Crude oil returned to a bull market after a 23 percent recovery from its December lows, with intermediate crude closing at $52.36 a barrel. Investors who had sold off oil a month earlier came back amid an OPEC-led campaign to curb supply.
Coordinated OPEC production cuts tighten crude supply, which lifts energy costs and supports biofuel margins that influence demand for soybean oil and corn. Higher crude also raises diesel and freight costs for feed ingredients.
bloomberg.comAlex Nussbaum8 Jan 2019Setelah 438 peristiwa kebijakan bullish sebelumnya, Minyak Mentah (WTI) bergerak median +0,9% selama 5 sesi (61% lebih tinggi; separuh tengah -2,2% sampai +4,6%), dan +2,0% selama 20 sesi.
Setelah 442 peristiwa kebijakan bullish sebelumnya, Minyak Mentah (Brent) bergerak median +1,4% selama 5 sesi (60% lebih tinggi; separuh tengah -2,0% sampai +4,9%), dan +2,1% 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.
Crude re-entered a bull market on OPEC-led supply curbs and trade talks, as investors returned after the December selloff.
