The EIA reports that crude oil prices fell sharply in early 2020 amid COVID-19 economic contraction and a surge in supply after OPEC and partner production cuts were suspended. Daily WTI price swings became extremely volatile, and the OVX oil volatility index reached 190 on March 20, its highest since inception in 2007.
Extreme volatility widens trading ranges and raises hedging costs for buyers of energy-linked feed inputs. Falling crude prices with a demand collapse point to lower energy costs and weaker prices for biofuel-linked feed ingredients.
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.