
Oil prices crashed in Asia by around 30% on Monday as Saudi Arabia cut its official selling prices after Russia refused deep OPEC-backed production cuts. Brent fell to a low of $31.02 a barrel, near a 16-year low.
Expectations that producers will pump more to gain market share signal an oversupplied market, bearish for crude and energy-linked feed input values.
Setelah 250 peristiwa geopolitik bearish sebelumnya, Minyak Mentah (Brent) bergerak median -3,1% selama 5 sesi (36% lebih tinggi; separuh tengah -7,9% sampai +1,6%), dan -5,5% selama 20 sesi.
Setelah 255 peristiwa geopolitik bearish sebelumnya, Minyak Mentah (WTI) bergerak median -2,4% selama 5 sesi (31% lebih tinggi; separuh tengah -7,0% sampai +1,7%), dan -5,0% selama 20 sesi.
Setelah 28 peristiwa geopolitik bearish sebelumnya, Minyak Kedelai bergerak median -2,7% selama 5 sesi (21% lebih tinggi; separuh tengah -8,3% sampai -0,7%), 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 crashed about 30% in Asia on March 9 after Saudi Arabia cut official selling prices following Russia's refusal to cut output.
Describes the Asian-session crash on March 9 as Saudi Arabia cut selling prices after Russia refused deep cuts, directly matching the move's timing and cause.
Brent fell to about $31 in Asia as producers started a price war after Russia refused deep cuts, directly reflecting the supply shock.