
Brent crude in London fell below $40 a barrel for the first time since late June, and New York futures also fell sharply. Both benchmarks reached their lowest levels in nearly three months.
Markets cited stalling Asian demand, the end of the US summer driving season, and higher OPEC and allied supply.
Weaker demand and rising supply point to continued downward pressure on crude prices. Lower energy costs can ease input expenses for feed producers but also weaken biofuel margins.
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.
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.
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.
Brent fell below $40 on stalling Asian demand, the end of the US driving season and higher OPEC+ supply, describing the sentiment behind the drop.
Brent fell below $40 on stalling Asian demand and higher OPEC supply, which set up the move. The date is ambiguous (Sept 7 was a US holiday), so it may describe the Sept 8 drop.