
US crude fell 24% and Brent dropped 13.4% to $24.88, with Brent trading at its weakest since 2003. Prices have fallen more than 50% in 10 days as coronavirus shut factories and trade and OPEC and Russia failed to agree on output cuts.
A supply glut combined with a demand shock drives crude to multi-year lows, lowering fuel and freight costs but weakening biofuel economics that support vegetable oil and corn prices.
Tras 255 eventos bajista de geopolítica pasados, Petróleo crudo (WTI) se movió una mediana de -2,4 % en 5 sesiones (31% al alza; mitad central entre -7,0 % y +1,7 %), y -5,0 % en 20.
Tras 250 eventos bajista de geopolítica pasados, Petróleo crudo (Brent) se movió una mediana de -3,1 % en 5 sesiones (36% al alza; mitad central entre -7,9 % y +1,6 %), y -5,5 % 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 Brent falling about 13% to its weakest since 2003 on demand collapse and OPEC/Russia failure to agree cuts.
Brent fell 13.4% on Mar 18 to its weakest since 2003 amid failed OPEC/Russia output deal and virus-driven demand loss.
Reports the 24% one-day crude drop and a fall of more than 50% in 10 days as factories shut and OPEC+ failed to agree on cuts.