Loading…
Crude prices fell about 25 percent over five weeks in late 2018 after climbing through September and early October. The article cites the interplay of supply and demand, market sentiment, and the U.S. decision to grant Iran sanctions waivers to eight countries.
Sharp crude declines reduce the cost-based support for biofuel-linked crops and vegetable oils, which can soften soybean oil and corn values. Lower diesel costs also ease freight and farm input expenses for feed producers.
financialpost.comJoe ChidleyNov 15, 2018After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
