Oil in New York fell below $60 a barrel for the first time since March after a surprise jump in US crude inventories. Fears of a full trade war between the US and China weighed on demand outlook, and Brent fell below $70.
Global equities also weakened after reports the White House considered restricting technology exports to Chinese surveillance firms.
Trade-war escalation weakens global growth expectations and cuts crude demand forecasts. Lower oil prices reduce energy-linked costs and pressure biofuel economics that support feed-grain and oilseed demand.
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.
Brent fell below $70 on the inventory surprise and trade war fears weighing on demand, with equities weakening on tech export curbs.
WTI fell below $60 on a surprise US crude inventory build and trade-war demand fears, the combined supply-glut and demand-sentiment mechanism.
Rising US inventories and trade war fears pushed WTI below $60 and Brent below $70, but the timing is earlier than the window.