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Brent crude futures fell again on Tuesday as a swelling global crude glut extended a second day of market panic. The coronavirus pandemic has sharply reduced fuel demand, leaving no clear end to the oversupply.
Collapsing fuel demand and a growing crude glut push benchmark crude lower, which weakens energy-linked costs for feed production and transport. Lower crude also reduces biofuel margins and pressures vegetable oil and corn-based ethanol economics.
reuters.comScott DiSavino21 abr 2020Tras 312 eventos bajista de macro pasados, Petróleo crudo (Brent) se movió una mediana de -1,7 % en 5 sesiones (38% al alza; mitad central entre -5,4 % y +2,3 %), y -1,7 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Brent futures fell again on Apr 21 as the glut fed market panic, directly describing the sentiment and oversupply mechanism behind the drop.
Brent futures plunged again on 21 April as the global glut fed market panic, a sentiment and oversupply driver within the window.
