Oil prices extended losses on Monday as worries about lower demand in China spread after the coronavirus outbreak. Brent was at $56.14 a barrel and WTI at $51.32, after both fell in January, with Brent losing nearly 12% that month.
Chinese airports closed and factory activity stalled, while the central bank injected liquidity to support the economy.
Lower Chinese demand and disrupted supply chains keep the outlook bearish for crude and diesel, with Chinese stimulus offering only a short-term floor. Lower energy prices weigh on biofuel and ethanol-linked feed costs.
Nach 32 vergangenen Ereignisse (bearisch, Krankheit) bewegte sich Rohöl (WTI) im Median über 5 Handelstage um -5,2 % (13% höher; mittlere Hälfte -15,0 % bis -2,4 %) und über 20 Handelstage um -5,7 %.
Nach 26 vergangenen Ereignisse (bearisch, Krankheit) bewegte sich Rohöl (Brent) im Median über 5 Handelstage um -6,0 % (15% höher; mittlere Hälfte -13,3 % bis -2,0 %) und über 20 Handelstage um -6,8 %.
Veränderungen des Benchmarks jedes Rohstoffs seit dem letzten Schluss vor dem Ereignis. Historische Werte bündeln frühere Ereignisse derselben Art; sie beschreiben, was passiert ist, nicht was passieren wird. Keine Anlageberatung.
Prices extended losses as China demand worries spread, with factory stalls and closed airports cutting consumption.
Describes oil extending losses Monday on lower Chinese demand worries, with Chinese airports and factories closed (dated Feb 4 but covers the Monday move).