
Oil slid into bear market territory on Monday, with WTI settling at $51.43 after a 3.65% drop and Brent at $56.30 after falling 3.8%. Both benchmarks fell more than 5% at their session lows as coronavirus cases outside China surged.
Worries that the outbreak will slow the global economy and reduce crude demand are pushing prices lower, which eases energy costs for feed production and transport.
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.
Feb 24 slide into bear market began the selloff as coronavirus cases outside China surged, a demand-driven sentiment shock.
On Feb 24 Brent fell 3.8% into bear market territory as virus cases outside China surged, starting the selloff within the window.