
OPEC and allied producers were set to meet in Vienna to agree on production management for 2020, with Russia and other exporters joining on Friday. Brent was trading just above $60 a barrel, which some producers see as comfortable.
Key issues included weak global demand, robust US shale output and the Saudi Aramco IPO.
The outcome of the meeting will determine whether crude supply is tightened, influencing energy costs and biofuel margins that affect vegetable oil and feed markets.
Setelah 175 peristiwa kebijakan netral sebelumnya, Minyak Mentah (Brent) bergerak median -0,9% selama 5 sesi (45% lebih tinggi; separuh tengah -3,6% sampai +3,0%), dan +0,7% 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.