
Crude futures fell 3.4% in New York on Thursday and were on track for their worst weekly loss since 2014 as coronavirus spread outside China. Prices sank as much as 10% since the previous Friday, driving the market into a sharp selloff.
A sustained risk-off move in crude driven by pandemic fears signals weaker expected global demand, which lowers energy costs and can reduce support for biofuel-linked feedstock prices.
Tras 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.
Crude sank on coronavirus spread outside China, with the worst weekly loss since 2014 and a sharp selloff, capturing the sentiment and demand-driven mechanism.
Crude fell further as coronavirus spread outside China, heading for its worst weekly loss since 2014.