
US crude prices fell nearly 6% to a 10-week low of $57.91 a barrel on Thursday as US-China trade standoff fears intensified. The selloff followed a surprise surge in US crude inventories, which rose 37 million barrels over nine weeks to the highest level since July 2017.
Analysts warned of a possible renewed supply glut.
Trade-war fears cut demand expectations while a rising inventory glut lowers crude prices. Cheaper crude reduces the cost of energy-linked inputs and weakens biofuel economics for feed-grain markets.
Tras 80 eventos bajista de comercio pasados, Petróleo crudo (WTI) se movió una mediana de -2,2 % en 5 sesiones (30% al alza; mitad central entre -6,9 % y +0,8 %), y -1,5 % en 20.
Tras 56 eventos bajista de comercio pasados, Petróleo crudo (Brent) se movió una mediana de -5,6 % en 5 sesiones (20% al alza; mitad central entre -9,0 % y -1,7 %), y -4,5 % 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.
Describes the nearly 6% US crude drop on trade standoff fears plus a surge in US inventories raising glut concerns.
Notes a nearly 6% drop to a 10-week low on trade fears following a surge in US crude inventories to the highest since July 2017.
A near 6% crude drop to a 10-week low on trade war fears plus a surge in US inventories shows demand and supply glut pressures, though it falls slightly before the 5-day window.