
Oil fell on Monday as U.S. trade disputes with Mexico and China raised concerns about weaker global crude demand, and an equity slump added pressure. Brent had dropped almost 20% from its 2018 peak despite output curbs by OPEC and Russia and reduced Iranian and Venezuelan exports.
Trade-driven demand fears push crude lower, which tends to weaken energy-linked feedstock and biofuel costs. Lower energy prices also reduce the cost advantage of biofuels, pressuring soybean oil.
Setelah 80 peristiwa perdagangan bearish sebelumnya, Minyak Mentah (WTI) bergerak median -2,2% selama 5 sesi (30% lebih tinggi; separuh tengah -6,9% sampai +0,8%), dan -1,5% selama 20 sesi.
Setelah 56 peristiwa perdagangan bearish sebelumnya, Minyak Mentah (Brent) bergerak median -5,6% selama 5 sesi (20% lebih tinggi; separuh tengah -9,0% sampai -1,7%), dan -4,5% selama 20 sesi.
Setelah 152 peristiwa perdagangan bearish sebelumnya, Minyak Kedelai bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -2,1% sampai +2,1%), dan -0,1% 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.
Directly describes the June 3 oil drop on U.S. trade disputes with Mexico and China raising demand concerns plus an equity slump.
On June 3 oil fell on US-Mexico and US-China trade disputes and an equity slump, which directly contributed to the end-of-window decline.