
Oil prices dropped sharply after Iran's retaliation against a U.S. military base in Qatar was limited and telegraphed. Prices fell further after Donald Trump announced that Israel and Iran had agreed to a ceasefire.
The episode suggests Middle East tensions have less lasting impact on crude than before, so risk premiums are unwinding and energy input costs for feed are easing.
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 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.
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.
Limited, telegraphed Iranian retaliation and the ceasefire announcement drove prices lower as the supply-risk premium faded.
Prices dropped because Iran's retaliation was limited and telegraphed, with the ceasefire announcement adding to the decline; the ceasefire part falls partly outside the June 23 window.
Oil dropped on the limited, telegraphed Iranian retaliation and then the ceasefire, which lowered the supply-risk premium.