
U.S. WTI crude eased 15 cents to settle at $57.20, close to a 2.5-year high, after Brent had risen 3.5 percent the previous day. Tensions between Saudi Arabia and Iran escalated over the war in Yemen as Saudi Crown Prince Mohammed bin Salman consolidated power through arrests of royals and ministers.
Analysts said the Saudi-Iran rivalry was the main driver of the market's reaction.
Perceived risk of Middle East supply disruption supports crude prices near multi-year highs. Higher crude tends to lift biofuel feedstock values and diesel and transport costs for feed mills.
Setelah 626 peristiwa geopolitik bullish sebelumnya, Minyak Mentah (WTI) bergerak median +2,1% selama 5 sesi (62% lebih tinggi; separuh tengah -2,3% sampai +8,5%), dan +1,6% selama 20 sesi.
Setelah 656 peristiwa geopolitik bullish sebelumnya, Minyak Mentah (Brent) bergerak median +1,9% selama 5 sesi (63% lebih tinggi; separuh tengah -2,7% sampai +6,6%), dan +0,7% 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.