
A Reuters survey found OPEC output in October rose to 33.31 million bpd, the highest since December 2016, led by the UAE and Libya. Higher output more than offset lower Iranian shipments caused by US sanctions.
Oil had eased to about $76 after touching a four-year high of $86.74 on Oct. 3.
Rising OPEC supply eases concern about sanctions-driven shortages, which pressures crude and, in turn, energy and transport costs for feed buyers.
Setelah 255 peristiwa geopolitik bearish sebelumnya, Minyak Mentah (WTI) bergerak median -2,4% selama 5 sesi (31% lebih tinggi; separuh tengah -7,0% sampai +1,7%), dan -5,0% selama 20 sesi.
Setelah 250 peristiwa geopolitik bearish sebelumnya, Minyak Mentah (Brent) bergerak median -3,1% selama 5 sesi (36% lebih tinggi; separuh tengah -7,9% sampai +1,6%), dan -5,5% 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.
The Reuters survey showed OPEC October output at a near two-year high, more than offsetting lower Iranian exports and signaling ample supply.