Traders expect Saudi Arabia to push OPEC+ to agree another large supply increase at its May 5 meeting, with about 60% of surveyed traders predicting a June hike above the scheduled amount. Earlier in April, OPEC+ revived 411,000 barrels a day for May, three times the planned volume.
Brent briefly fell below $60 before trading near $63.
Expected extra supply from OPEC+ would add to bearish pressure on crude, which feeds into diesel costs and vegetable oil prices. The political angle, including Riyadh's ties with Washington, adds uncertainty.
Setelah 210 peristiwa kebijakan bearish sebelumnya, Minyak Mentah (Brent) bergerak median -0,9% selama 5 sesi (48% lebih tinggi; separuh tengah -3,8% sampai +3,2%), dan +0,2% selama 20 sesi.
Setelah 215 peristiwa kebijakan bearish sebelumnya, Minyak Mentah (WTI) bergerak median +0,1% selama 5 sesi (51% lebih tinggi; separuh tengah -4,4% sampai +3,3%), dan +0,2% 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.