
Oil prices fell to their lowest level in more than a year as the coronavirus outbreak cut Chinese demand and raised fears of supply disruption. Crude settled down $2.17, or 3.8%, at $54.45 a barrel, its lowest since January of last year.
Lower crude prices weaken the energy complex and reduce input costs for diesel and biofuels, which can pull down soyoil and ethanol-linked feed co-products such as DDGS. The demand shock from China is the main bearish driver.
Setelah 32 peristiwa penyakit bearish sebelumnya, Minyak Mentah (WTI) bergerak median -5,2% selama 5 sesi (13% lebih tinggi; separuh tengah -15,0% sampai -2,4%), dan -5,7% selama 20 sesi.
Setelah 26 peristiwa penyakit bearish sebelumnya, Minyak Mentah (Brent) bergerak median -6,0% selama 5 sesi (15% lebih tinggi; separuh tengah -13,3% sampai -2,0%), dan -6,8% 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.
Same-day report of oil at 13-month lows as coronavirus cut Chinese crude demand, directly explaining the Brent drop on Feb 3.
Oil settled at 13-month lows on Feb 3 as coronavirus cut Chinese demand, a major leg of the 5-day decline.