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Oil futures settled about 1% lower as U.S. refineries shut ahead of Hurricane Ida's landfall. Brent's October contract, due to expire Tuesday, settled down 0.6% at $72.99 a barrel, and WTI settled down 1% at $68.50.
Sources told Reuters that OPEC+ is likely to keep its planned output increase despite Washington's push for more supply.
Lower crude prices reduce input costs for diesel, fertilizer and freight, which weighs on feed production costs. Expected OPEC+ supply increases add to the bearish pressure on energy prices.
reuters.comLaura Sanicola31 Agu 2021Setelah 565 peristiwa makro bearish sebelumnya, Minyak Mentah (WTI) bergerak median -1,4% selama 5 sesi (41% lebih tinggi; separuh tengah -5,9% sampai +3,0%), dan -0,5% selama 20 sesi.
Setelah 312 peristiwa makro bearish sebelumnya, Minyak Mentah (Brent) bergerak median -1,7% selama 5 sesi (38% lebih tinggi; separuh tengah -5,4% sampai +2,3%), dan -1,7% 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.
