
A Financial Post briefing on July 31, 2019 reported that some Canadian oilsands mines break even at around $10 per barrel and that S&P Global cut its 2019 Canadian GDP growth forecast to 1.2 percent. The piece also covered the expected Fed rate cut and concerns about Canada's housing market.
Oilsands producers' low breakeven points suggest output will continue even at lower crude prices, which limits upward pressure on oil. Slower Canadian growth reduces domestic demand for livestock products and feed.
Setelah 102 peristiwa makro netral sebelumnya, Minyak Mentah (WTI) bergerak median -0,1% selama 5 sesi (49% lebih tinggi; separuh tengah -3,3% sampai +2,5%), dan +1,8% 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.