
Oil prices fell on March 8 after Trump said the US was considering taking over the Strait of Hormuz and indicated the war would soon end. WTI traded down 6.19% to $85.27 after surging to $119.48 earlier, and Brent was 4.6% lower.
Trump also reportedly considered easing oil sanctions on Russia.
Prospects for a faster end to the conflict and possible Russian supply easing reduce the crude risk premium, lowering energy costs for feed producers. The earlier spike shows how sensitive prices are to Strait disruptions.
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.
Trump's comments about taking over Hormuz and ending the war soon began the retreat from the spike highs, setting up the further drop.
WTI spiked to $119 intraday then reversed on Trump's comments, adding volatility to the window's ending level.