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Brent crude rose for a 10th straight session, on track for its longest winning streak since its 1988 launch, and was at $61.89 a barrel. Saudi assurances that OPEC and partner cuts would prevent a surplus, along with reassurance from the Federal Reserve, supported the rally.
Expected OPEC supply cuts and firmer demand outlook point to tighter crude balances. Higher energy prices tend to lift biofuel feedstock values and raise diesel and freight costs across the feed chain.
energynow.com11 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.
Brent's record 10-session rally to ~$61.89 on Saudi assurances of cuts and Fed reassurance captures the window's cumulative move.
