
Oil prices fell about 5% on Thursday to their lowest level in more than a year. Oversupply worries and weaker energy demand outlooks drove the decline.
Global equities sold off after the U.S. Federal Reserve raised rates and signaled further hikes over the next two years.
Tighter U.S. monetary policy and equity weakness reduce demand expectations for energy, pushing crude lower. Cheaper oil lowers fuel and transport costs but also cuts the value of biofuel-linked feedstock demand.
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.
Dec 20 ~5% drop to a 1+ year low as the Fed hike triggered an equity selloff and oversupply worries, hitting sentiment and demand outlook within the window.
Dec 20 ~5% drop as the Fed hike triggered an equity selloff and raised demand concerns, adding to oversupply worries.