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Saudi Energy Minister Khalid al-Falih said on April 20 in Abu Dhabi that a preliminary agreement has been reached to extend OPEC's output deal, though not all ministers have signed on. He said the extension could be three months rather than six, with reducing stocks as the top priority.
A decision is expected at the May 25 meeting.
A likely extension from the largest OPEC producer keeps supply tight and supports crude prices, although a shorter extension would be less bullish than a six-month one.
argaam.com20 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.
