
A Reuters survey found OPEC oil output fell by 460,000 bpd in December to 32.68 million bpd, the largest monthly drop since January 2017. Saudi Arabia made an early start on supply cuts while Iran and Libya posted involuntary declines.
A formal OPEC+ accord to cut 1.2 million bpd in 2019 took effect that Tuesday.
Lower OPEC supply tightens the crude balance, supporting oil prices that have slid to about $56 from an October high. Lower crude also feeds into diesel and energy costs for feed mills and farm operations.
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 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.