Oil futures fell more than 5% in early trading after reports that the Biden administration is considering a release of up to 180 million barrels from the Strategic Petroleum Reserve over six months. The release would be the largest draw from US emergency reserves in history and is reportedly being coordinated with other OECD countries.
A record stockpile release adds about 1 million barrels per day of supply, pressuring crude prices lower. Goldman Sachs noted it would not resolve the underlying market deficit, so the price effect may be temporary.
Setelah 215 peristiwa kebijakan bearish sebelumnya, Minyak Mentah (WTI) bergerak median +0,1% selama 5 sesi (51% lebih tinggi; separuh tengah -4,4% sampai +3,3%), dan +0,2% selama 20 sesi.
Setelah 210 peristiwa kebijakan bearish sebelumnya, Minyak Mentah (Brent) bergerak median -0,9% selama 5 sesi (48% lebih tinggi; separuh tengah -3,8% sampai +3,2%), dan +0,2% 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.
Reports of a record 180 million barrel SPR release over six months triggered a 5% drop in futures, adding supply.