
WTI crude fell $3.33 to $53.43 on November 20, its lowest close since October 2017, while Dated Brent dropped $4.26. Traders sold off energy on concerns Saudi Arabia would refrain from production cuts after the Khashoggi dispute, alongside weakness in equities.
Gasoline and diesel futures also fell sharply.
Lower crude and diesel futures reduce energy and freight costs for feed producers and suggest softer input costs ahead, though supply-cut talk could limit further declines.
Setelah 255 peristiwa geopolitik bearish sebelumnya, Minyak Mentah (WTI) bergerak median -2,4% selama 5 sesi (31% lebih tinggi; separuh tengah -7,0% sampai +1,7%), dan -5,0% selama 20 sesi.
Setelah 250 peristiwa geopolitik bearish sebelumnya, Minyak Mentah (Brent) bergerak median -3,1% selama 5 sesi (36% lebih tinggi; separuh tengah -7,9% sampai +1,6%), dan -5,5% selama 20 sesi.
Setelah 51 peristiwa geopolitik bearish sebelumnya, ULSD / Solar bergerak median -2,4% selama 5 sesi (37% lebih tinggi; separuh tengah -8,2% sampai +3,9%), dan -2,3% 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.
WTI fell $3.33 to its lowest close since Oct 2017 on fears Saudi Arabia would not cut output and on equity weakness, a sentiment and supply shock that dragged diesel futures down sharply.
Reports the Nov 20 drop (Dated Brent -$4.26) and attributes it to fears Saudi Arabia would not cut output plus equity weakness.
Nov 20 drop in WTI and Dated Brent on fears Saudi Arabia would not cut output, plus equity weakness.