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Major oil producers were to meet in Abu Dhabi on Nov 11 to consider reverting to output cuts after crude fell by a fifth in a month. Brent dropped below $70 for the first time since April and WTI fell below $60, a nine-month low.
The slide was attributed to rising US, Saudi and Russian supply and signs of softer demand.
A possible OPEC-plus production cut would support crude and energy-linked prices, which matter for biofuel and fertilizer costs. The article is a pre-meeting report, so its impact is largely superseded by later reporting on the outcome.
energy.economictimes.indiatimes.comET EnergyWorld1 Des 2018Setelah 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.
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.
