
WTI settled down 0.6% at $58.81 a barrel on Wednesday after touching a session low of $56.88. China signaled it was ready to use its dominance in rare earths to retaliate in the US trade war, and equities fell.
Escalating US-China trade tensions threaten global oil demand and push investors out of risk assets. OPEC output cuts and Middle East tensions provided only partial support.
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.
China's rare-earths retaliation threat and falling equities on May 29 added to trade-war pressure carried into May 30, though the move that day was small.
On May 29 trade war worries and a China rare-earths retaliation threat weighed on prices and equities despite supply disruptions.