
Trump said Saudi Arabia and Russia would not hike oil production, and prices jumped on April 2, 2020. Trump said he had spoken with Putin and Crown Prince Mohammed bin Salman about stabilizing oil prices, which had fallen about 60% in the past month.
Prices were up more than the excerpt states.
Signals that Saudi Arabia and Russia will avoid a production increase support crude prices after a steep fall, which eases energy cost pressure on feed producers. The effect depends on whether producers follow through.
Após 626 eventos altista de geopolítica passados, Petróleo (WTI) subiu em mediana +2,1% em 5 sessões (62% de alta; metade central de -2,3% a +8,5%), e +1,6% em 20.
Após 656 eventos altista de geopolítica passados, Petróleo (Brent) subiu em mediana +1,9% em 5 sessões (63% de alta; metade central de -2,7% a +6,6%), e +0,7% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
Trump's comments after speaking with Putin and MBS about not hiking output pushed prices sharply higher on April 2.
Trump's comments after speaking with Putin and MBS about stabilizing the market caused the April 2 price jump.
Prices jumped after Trump said he had spoken with Putin and MBS about stabilizing the market (sentiment).
Trump's statement that Saudi and Russia would not raise output supported the price jump on April 2.
Trump's comments that Saudi and Russia would not raise production lifted prices on April 2.