
Brent crude futures settled down $16.84, or 13.2%, to $111.14 a barrel, their biggest one-day decline since April 2020. U.S. crude fell $15.44, or 12.5%, to $108.70.
The drop followed signs that the UAE would support a larger OPEC+ output increase.
A credible plan to add OPEC+ supply eases the energy price spike that had pushed up diesel and biofuel-linked feedstock costs. Lower crude weakens the energy-driven support under vegetable oil and corn-based biofuel prices.
Dopo 210 eventi politica ribassista passati, Petrolio greggio (Brent) si è mosso in mediana di -0,9% in 5 sedute (48% in rialzo; metà centrale da -3,8% a +3,2%), e di +0,2% in 20.
Dopo 215 eventi politica ribassista passati, Petrolio greggio (WTI) si è mosso in mediana di +0,1% in 5 sedute (51% in rialzo; metà centrale da -4,4% a +3,3%), e di +0,2% in 20.
Variazioni del benchmark di ciascuna materia prima rispetto all'ultima chiusura prima dell'evento. Le letture storiche raggruppano eventi passati dello stesso tipo; descrivono ciò che è accaduto, non ciò che accadrà. Non è consulenza di investimento.
Directly reports Brent's 13% settlement drop on 9 March, driven by UAE signals of support for a larger OPEC+ output increase, which eased supply fears.
UAE backing a bigger OPEC+ output hike triggered Brent's largest one-day drop since April 2020 (-13%) on March 9, a supply-expectation shift that drove much of the 5-day decline.
Brent fell 13.2% on March 9 as the UAE backed a bigger OPEC+ output increase, easing supply fears and driving the largest single-day drop in the window.
The UAE's support for a larger OPEC+ output increase triggered the biggest one-day drop in two years, a supply-expectation shock.