US oil futures recorded their largest weekly percentage loss in more than a decade, with WTI down over 16% for the week and settling at $44.76 a barrel. Brent for April settled at $50.52 after falling 3.2% on Friday.
Market participants expect the virus to significantly dent crude demand, a shock large enough to lower energy costs across feed supply chains and weigh on biofuel-linked oilseed and corn 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.
Reports the record weekly oil loss ending Feb 28, with Brent settling at $50.52, which is the move itself and reflects coronavirus demand fears.
Record weekly oil losses ending Feb 28 on coronavirus demand fears weakened the price base before the 5-day window, though they fall mostly before it.