
Oil jumped more than 6 percent as signals from OPEC suggested the group was nearing a deal to cut production. The dollar, U.S. bond yields and stocks also rose, with the move coming amid concern about China's banking system and expectations of U.S. infrastructure spending.
Higher crude on the OPEC cut expectation raises energy costs for feed and transport. A stronger dollar tends to pressure dollar-priced grain and meal exports, so the two forces partly offset each other for feed buyers.
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.
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 15 peristiwa kebijakan bullish sebelumnya, Dolar AS (Luas) bergerak median +0,2% selama 5 sesi (53% lebih tinggi; separuh tengah -0,4% sampai +0,4%), dan +1,0% 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.
Captures the early-session rally on OPEC deal signals; the dollar strength is a minor offsetting factor.
Oil's earlier jump on signals that OPEC was nearing a deal reflects anticipation of a supply cut, a sentiment driver of the day's move.