
OPEC's 14 members reached a deal to cut oil production from 33.8 million to 32.5 million barrels per day, their first cut since 2008. Russia pledged a 300,000 bpd reduction, and the group planned to meet non-OPEC producers on December 9.
Brent traded near $50 and WTI near $49 after rising more than 8 percent.
The announced cut removes supply from a market that had been oversupplied for over two years, which pushes crude prices higher. Higher crude raises energy and freight costs across the feed supply chain.
Após 438 eventos altista de política passados, Petróleo (WTI) subiu em mediana +0,9% em 5 sessões (61% de alta; metade central de -2,2% a +4,6%), e +2,0% em 20.
Após 442 eventos altista de política passados, Petróleo (Brent) subiu em mediana +1,4% em 5 sessões (60% de alta; metade central de -2,0% a +4,9%), e +2,1% 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.
Confirms the OPEC deal and Russian pledge, with Brent up more than 8% on tighter expected supply.
OPEC's 14 members agreed to cut output from 33.8m to 32.5m bpd, with Russia adding 300k bpd, and Brent rose more than 8%.