Crude futures fell more than 10% on November 26, 2021, the biggest single-day drop of the year, with WTI dropping below $70 a barrel for the first time since September. Several countries moved to ban flights from African nations after the new B.1.1.529 variant was announced.
Investors fear the variant could derail the economic reopening and reduce fuel demand, weighing on crude and refined product prices.
Setelah 32 peristiwa penyakit bearish sebelumnya, Minyak Mentah (WTI) bergerak median -5,2% selama 5 sesi (13% lebih tinggi; separuh tengah -15,0% sampai -2,4%), dan -5,7% selama 20 sesi.
Setelah 26 peristiwa penyakit bearish sebelumnya, Minyak Mentah (Brent) bergerak median -6,0% selama 5 sesi (15% lebih tinggi; separuh tengah -13,3% sampai -2,0%), dan -6,8% selama 20 sesi.
Setelah 13 peristiwa penyakit bearish sebelumnya, ULSD / Solar bergerak median -5,1% selama 5 sesi (38% lebih tinggi; separuh tengah -6,3% sampai +1,2%), dan -6,1% 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.
The crude futures plunge of over 10% on Omicron fears and flight bans cut expected fuel demand and fed directly into the ULSD sell-off on the same day.
Describes crude futures falling more than 10% on Omicron concerns and flight bans, a demand and sentiment shock that explains the move.
Crude fell more than 10% on Omicron fears, a demand-sentiment shock that dragged down diesel, which is refined from crude.
Crude futures plunged over 10% on Omicron concerns and flight bans, driving the core of the weekly drop.
Confirms the 10%+ drop on Nov 26 on flight bans tied to the new variant, a demand-sentiment shock.