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OPEC Secretary General Mohammad Barkindo told CNBC that the group's credibility is at stake as it implements its deal to cut output by about 1.2 million barrels per day from January 1. He said compliance has been strong and that a decision on extending the cuts beyond June could come at the May 25 meeting.
Brent has risen about 19 percent since the cuts were agreed.
Whether OPEC and non-OPEC producers keep cutting supply determines how fast the global glut drains, which sets crude prices and, through energy costs, the cost of running grain and feed operations.
cnbc.comSam Meredith, Hadley Gamble19 Apr 2017Setelah 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.
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.
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.
