Memuat…
Oil prices doubled over five days into early May 2020 and rose above $25 a barrel in New York. Russian output fell 16% in early May, Permian shut-ins were expected near 1 million b/d, and OPEC+ began 9.7 million b/d of cuts on May 1.
Analysts still expected demand to take at least a year to return to pre-virus levels.
Large supply curtailments and a demand floor lift crude costs and reduce the risk of storage shortages, supporting energy-linked feed and biofuel input prices.
worldoil.comElizabeth Low, Alex Longley6 Mei 2020Setelah 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.
Explains the doubling of oil over five days into early May through OPEC+ 9.7m b/d cuts, Russian and Permian output drops and stabilizing demand.
