Cargando…
Oil futures settled sharply lower as Brent fell below $40 a barrel for the first time since June and US crude dropped nearly 8%. The decline followed Saudi Arabia's cut to its October selling prices and rising COVID-19 cases in several countries.
Labor Day weekend also marked the end of the US summer driving season.
Lower Saudi Asian pricing and weaker demand signals reduce crude's cost outlook and pressure energy-linked feed inputs such as diesel and freight. Softer crude generally weighs on biofuel economics and feedstock values.
aljazeera.comReuters8 sept 2020
reuters.comLaura Sanicola8 sept 2020Tras 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.
Same-day report of the sharp selloff driven by Saudi October price cuts, COVID flare-ups and the end of the driving season, which is a demand-sentiment mechanism.
