
Oil fell about 5.7% on May 22, 2019, with WTI settling at $57.91, its lowest close since March 12. Brent fell to $67.64 intraday.
Losses were driven by expectations of a prolonged US-China trade war and weak manufacturing data from Japan, Germany and the EU, while easing Middle East tensions added pressure.
Expectations of weaker global growth and fuel demand push crude lower, which in turn lowers energy input costs and reduces support for biofuel-linked feedstocks.
Setelah 80 peristiwa perdagangan bearish sebelumnya, Minyak Mentah (WTI) bergerak median -2,2% selama 5 sesi (30% lebih tinggi; separuh tengah -6,9% sampai +0,8%), dan -1,5% selama 20 sesi.
Setelah 56 peristiwa perdagangan bearish sebelumnya, Minyak Mentah (Brent) bergerak median -5,6% selama 5 sesi (20% lebih tinggi; separuh tengah -9,0% sampai -1,7%), dan -4,5% 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.
Describes the May 22 WTI drop (settling $57.91) driven by a prolonged US-China trade war outlook and weak global manufacturing data, matching the move's date and size.
Describes the same selloff on trade war expectations and weak global manufacturing, though its dating is inconsistent.