
Oil prices fell about 2% on Wednesday after an unexpected build in US crude inventories. Brent settled at $70.99 and WTI at $61.42, with US crude stocks reaching 476.8 million barrels.
Gasoline stocks also posted a surprise build, and the prospect of a long-term US-China tariff war added pressure.
An unexpected inventory build signals softer crude demand and pushes energy prices lower. Weaker energy prices and trade-war uncertainty can reduce biofuel margins and sentiment across agricultural commodities.
Setelah 171 peristiwa laporan bearish sebelumnya, Minyak Mentah (WTI) bergerak median -1,5% selama 5 sesi (37% lebih tinggi; separuh tengah -4,8% sampai +1,9%), dan -0,9% selama 20 sesi.
Setelah 129 peristiwa laporan bearish sebelumnya, Minyak Mentah (Brent) bergerak median -1,3% selama 5 sesi (45% lebih tinggi; separuh tengah -3,9% sampai +2,5%), dan +0,4% 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.
Oil fell about 2% on Wednesday on the unexpected US crude and gasoline stock builds plus tariff-war demand worries, with Brent settling at $70.99.