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Oil dropped nearly 5% on March 27, 2020, extending a fifth straight weekly loss as coronavirus demand destruction outweighed government stimulus. The IEA head said global oil requirements could fall 20% as three billion people were in lockdown.
Analysts doubted Saudi Arabia would end its price war with Russia.
Demand destruction from lockdowns, combined with an unresolved supply dispute, keeps crude prices under pressure. Lower energy costs help feed buyers' logistics expenses, while weaker economic activity weighs on demand for livestock products.
cnbc.comReuters27 mar 2020Tras 565 eventos bajista de macro pasados, Petróleo crudo (WTI) se movió una mediana de -1,4 % en 5 sesiones (41% al alza; mitad central entre -5,9 % y +3,0 %), y -0,5 % en 20.
Tras 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.
Mar 27 drop of nearly 5% on IEA warning of up to 20% demand loss and doubts about the price war ending started the window's decline.
