
Crude futures fell 3.4% in New York on Thursday and were on track for their worst weekly loss since 2014 as coronavirus spread outside China. Prices sank as much as 10% since the previous Friday, driving the market into a sharp selloff.
A sustained risk-off move in crude driven by pandemic fears signals weaker expected global demand, which lowers energy costs and can reduce support for biofuel-linked feedstock prices.
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.
Crude sank on coronavirus spread outside China, with the worst weekly loss since 2014 and a sharp selloff, capturing the sentiment and demand-driven mechanism.
Crude fell further as coronavirus spread outside China, heading for its worst weekly loss since 2014.