
Oil prices rebounded more than 4% on Wednesday after dropping about 7% on Monday. OPEC+ agreed to raise supply by 400,000 barrels per day from August through December.
Prices rose even though US crude inventories unexpectedly increased by 2.1 million barrels to 439.7 million, against analyst expectations of a 4.5 million-barrel draw.
The unexpected US crude stock build was bearish, but the rebound shows the market was recovering from an oversold selloff and was supported by the OPEC+ supply deal. For feed buyers, firmer crude supports energy-linked input costs and biofuel margins that underpin corn and vegetable oil demand.
Setelah 131 peristiwa laporan bullish sebelumnya, Minyak Mentah (WTI) bergerak median +1,2% selama 5 sesi (60% lebih tinggi; separuh tengah -1,3% sampai +3,4%), dan +2,9% selama 20 sesi.
Setelah 116 peristiwa laporan bullish sebelumnya, Minyak Mentah (Brent) bergerak median +1,3% selama 5 sesi (66% lebih tinggi; separuh tengah -1,0% sampai +3,1%), dan +2,0% 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.