
Crude oil settled below $30 a barrel as the coronavirus pandemic slowed economic growth and reduced oil demand. Saudi Arabia and Russia continued their contest for market share.
Weaker growth expectations and falling crude prices pressure energy-linked commodities and reduce diesel and freight costs for feed buyers.
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.
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.
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.
Directly describes crude settling below $30 on March 17 as pandemic recession fears cut demand while the Saudi-Russia market-share fight continued.
Brent sank below $30 on Mar 17 on recession fears and Saudi-Russia market-share contest, within the window.
Crude settled below $30 on March 17 on recession fears and the Saudi-Russia market-share fight, which fed the weekly decline.
Brent settling below $30 on March 17 on recession fears and the Saudi-Russia market share fight set up the next-day extension of the selloff.