
Oil closed at its highest in more than two years for a second day, with New York futures rising 2 percent above $55 a barrel for the first time since July 2015. Support grew for OPEC to extend its output cuts, which was expected to be decided as early as that month.
Nigerian militant attacks and Venezuela's debt problems also threatened supply, and U.S. oil rigs fell by the most in over a year.
Expectations of extended OPEC cuts and tighter supply lift crude prices, which feed into biofuel economics and corn and soybean oil values. Higher energy costs also raise freight and fertilizer costs for feed buyers.
Setelah 438 peristiwa kebijakan bullish sebelumnya, Minyak Mentah (WTI) bergerak median +0,9% selama 5 sesi (61% lebih tinggi; separuh tengah -2,2% sampai +4,6%), dan +2,0% selama 20 sesi.
Setelah 442 peristiwa kebijakan bullish sebelumnya, Minyak Mentah (Brent) bergerak median +1,4% selama 5 sesi (60% lebih tinggi; separuh tengah -2,0% sampai +4,9%), dan +2,1% 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.