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Oil prices jumped after an attack on a Saudi plant disrupted supply, with the increase matching the 1991 Gulf War spike. Analysts said Middle East tensions could keep prices elevated for some time.
The wider economic impact depends on how long the Saudi disruption lasts.
Prolonged loss of Saudi output would keep crude and energy input costs high. That raises costs for feed producers and supports vegetable oil and biofuel-linked prices.
apnews.comCATHY BUSSEWITZ16 Sep 2019Setelah 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 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.
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.
Describes the price spike from the supply disruption and the expectation that Middle East tensions will keep prices elevated.
Reports the price jump matching the 1991 Gulf War spike, with analysts expecting elevated prices.
