Memuat…
Oil prices dropped to their lowest levels since late July after EIA data showed gasoline demand falling to 8.786 million bpd. Refinery runs were lower and maintenance season approached.
A sudden US dollar strength also weighed on crude.
Weak gasoline demand and reduced refinery runs cut crude consumption, while a stronger dollar makes dollar-priced commodities more expensive for foreign buyers.
oilprice.comTsvetana Paraskova3 Sep 2020Setelah 171 peristiwa laporan bearish sebelumnya, Minyak Mentah (WTI) bergerak median -1,5% selama 5 sesi (37% lebih tinggi; separuh tengah -4,8% sampai +1,9%), dan -0,9% selama 20 sesi.
Setelah 129 peristiwa laporan bearish sebelumnya, Minyak Mentah (Brent) bergerak median -1,3% selama 5 sesi (45% lebih tinggi; separuh tengah -3,9% sampai +2,5%), dan +0,4% selama 20 sesi.
Setelah 53 peristiwa laporan bullish sebelumnya, Dolar AS (Luas) bergerak median +0,1% selama 5 sesi (51% lebih tinggi; separuh tengah -0,4% sampai +0,5%), dan +0,5% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
On 2020-09-03, weak EIA gasoline demand, lower refinery runs and a sudden US dollar rise pushed crude to its lowest since late July (demand and currency).
Explains the sudden drop via weak EIA gasoline demand, lower refinery runs and US dollar strength, though it is dated a day after the move and likely describes the same drivers.
