
WTI crude settled up 24.67% at $25.32 on April 2, 2020, its largest one-day percentage gain on record, after Trump said Saudi Arabia and Russia would ease pressure on oil. Trump said he expected a production cut of 10 million to 15 million barrels.
Brent rose about 18% to $29.14 intraday.
Expected output cuts of 10 to 15 million barrels a day would be a large supply withdrawal, lifting crude and energy input costs. Crude strength tends to support biofuel-linked oils and can raise diesel and fertilizer costs for feed production.
Na 626 eerdere opwaarts geopolitiek-gebeurtenissen bewoog Ruwe olie (WTI) zich mediaan +2,1% over 5 sessies (62% hoger; middelste helft -2,3% tot +8,5%), en +1,6% over 20.
Na 656 eerdere opwaarts geopolitiek-gebeurtenissen bewoog Ruwe olie (Brent) zich mediaan +1,9% over 5 sessies (63% hoger; middelste helft -2,7% tot +6,6%), en +0,7% over 20.
Na 110 eerdere opwaarts geopolitiek-gebeurtenissen bewoog Sojaolie zich mediaan +1,8% over 5 sessies (65% hoger; middelste helft -0,7% tot +3,6%), en -0,4% over 20.
Na 62 eerdere opwaarts geopolitiek-gebeurtenissen bewoog Palmolie zich mediaan +2,5% over 5 sessies (74% hoger; middelste helft -0,1% tot +5,8%), en +4,0% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Documents WTI's record one-day gain of 24.67% to $25.32 on expectations of Saudi-Russia supply easing.
Describes WTI's best day on record after Trump said Saudi Arabia and Russia would ease pressure, directly matching the move.
Trump's CNBC claim of a Saudi-Russia agreement drove the record one-day rally, easing the supply-war pressure.
WTI's record one-day gain on Trump's remarks about a Saudi-Russia agreement lifted the whole crude complex including Brent.
Trump's claim of a Saudi-Russia agreement triggered the record rally in crude on April 2, supply-side expectations.