
Oil rose to its highest level since 2011 on Wednesday as Russia's war in Ukraine escalated. OPEC and its allies, including Russia, chose to keep production unchanged despite prices above $100.
Brent traded above $113 and WTI above $112 intraday before both settled higher.
OPEC's decision to hold output while buyers shun Russian crude leaves the market short of supply, which keeps energy and freight costs elevated for feed producers. Higher crude also supports vegetable oil and biofuel prices.
Setelah 656 peristiwa geopolitik bullish sebelumnya, BRENT bergerak median +1,9% selama 5 sesi (63% lebih tinggi; separuh tengah -2,7% sampai +6,6%), dan +0,7% selama 20 sesi.
Setelah 626 peristiwa geopolitik bullish sebelumnya, WTI bergerak median +2,1% selama 5 sesi (62% lebih tinggi; separuh tengah -2,3% sampai +8,5%), dan +1,6% 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.