
Oil prices jumped more than 20% on April 2, 2020, the largest one-day gain on record, after signs Saudi Arabia and Russia might end their price war. Trump said he expected the two to cut supply by 10 million barrels or more, and Saudi Arabia called for an emergency producer meeting.
Brent rose 21% to $29.94 and WTI jumped almost 25% to $25.32.
A coordinated supply cut of that size would tighten crude markets and lift energy costs, which feed through to diesel, fertilizer and freight. Higher crude also tends to support vegetable oil and biofuel-linked prices, while the collapse in oil had weighed on those.
Setelah 626 peristiwa geopolitik bullish sebelumnya, Minyak Mentah (WTI) bergerak median +2,1% selama 5 sesi (62% lebih tinggi; separuh tengah -2,3% sampai +8,5%), dan +1,6% selama 20 sesi.
Setelah 656 peristiwa geopolitik bullish sebelumnya, Minyak Mentah (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 250 peristiwa geopolitik bullish sebelumnya, ULSD / Solar bergerak median +1,7% selama 5 sesi (58% lebih tinggi; separuh tengah -3,6% sampai +8,7%), dan +0,9% 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.
Record one-day jump on April 2 on hopes of a Saudi-Russia price war truce and a 10M+ bpd supply cut is the direct supply-side/sentiment driver of Brent's ~21-35% move.
Reports the record 20%+ one-day gain on hopes of a Saudi-Russia price war truce and an emergency producer meeting call.
Record one-day Brent gain of ~21% on April 2 on hopes of a Saudi-Russia truce and supply cuts directly drove the 5-day surge (sentiment/supply).
Record one-day surge on April 2 on price-war truce hopes and an emergency producer meeting call (supply outlook).
Record one-day gain on April 2 (Brent +21% to $29.94) on hopes of a Saudi-Russia price war truce was the main driver of the 5-day rally.