
Oil prices rose about 4 percent on Thursday, with Brent crude at its highest in roughly 16 months. OPEC and Russia had agreed to restrict output to reduce the global supply glut, OPEC's first oil output reduction since 2008.
Brent settled at $53.94 after touching $54.53 earlier in the session.
A coordinated output cut tightens crude supply and lifts crude prices, which raises energy and diesel costs for feed producers and feeds into freight and fertilizer costs.
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.
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.
It describes the Brent rally to a 16-month high on the OPEC and Russia output restriction, but the 4% figure and Dec 1 dating make it a partial match.