
Oil prices fell about 2.3% to settle near $52.18 a barrel, with the intraday low of $50.97 the lowest since December 2018. WTI futures dropped 3.4% to $47.09, their lowest level since January, amid coronavirus fears.
Expectations of weaker global fuel demand from the outbreak push crude lower, which tends to lower diesel and freight costs and weigh on biofuel-linked feedstock values.
Setelah 565 peristiwa makro bearish sebelumnya, Minyak Mentah (WTI) bergerak median -1,4% selama 5 sesi (41% lebih tinggi; separuh tengah -5,9% sampai +3,0%), dan -0,5% selama 20 sesi.
Setelah 312 peristiwa makro bearish sebelumnya, Minyak Mentah (Brent) bergerak median -1,7% selama 5 sesi (38% lebih tinggi; separuh tengah -5,4% sampai +2,3%), dan -1,7% 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.
Brent settled near $52.18 and hit its lowest since Dec 2018 on Feb 27 as coronavirus fears cut demand expectations, directly reflecting the end of the 5-day drop.
Brent settled near $52.18 and hit its lowest since Dec 2018 amid virus fears, adding to the weekly decline.