
OPEC agreed its first oil output cut since 2008 at its Vienna meeting, with Saudi Arabia reportedly ready to accept a big hit to its own output. Indonesia was suspended from the group, and its output share is to be redistributed among other members.
WTI and Brent rose about 7 to 8 percent as details of the cut were still being negotiated.
A coordinated OPEC supply cut tightens crude markets and lifts energy costs, which supports biofuel and ethanol economics and the value of corn, soybean oil and other energy-linked feed inputs. Higher crude also raises freight and fertiliser 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.