
WTI crude rose 2.8 percent to $51.16 a barrel, its first close above $50 this year, and Brent gained to $60.06. Hopes that US-China trade talks would be extended lifted prices, while an EIA report showed larger-than-expected gasoline and distillate builds that capped gains.
Easing US-China trade tensions support expectations for global growth and fuel demand, which lifts crude prices. Bigger product inventory builds offset some of that support, limiting the upside for biofuel and diesel-linked feed input costs.
Setelah 36 peristiwa perdagangan bullish sebelumnya, Minyak Mentah (WTI) bergerak median +1,6% selama 5 sesi (69% lebih tinggi; separuh tengah -2,0% sampai +4,5%), dan +0,7% selama 20 sesi.
Setelah 16 peristiwa perdagangan bullish sebelumnya, Minyak Mentah (Brent) bergerak median +1,9% selama 5 sesi (81% lebih tinggi; separuh tengah +0,5% sampai +4,8%), dan +5,9% 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.
Hopes for extended US-China trade talks lifted demand expectations and pushed Brent to ~$60, though a gasoline/distillate build capped gains.