
Brent crude fell more than 12.5% as the coronavirus spread prompted widening restrictions that threatened the largest annual drop in oil demand on record. Saudi Aramco's CFO said the company was very comfortable with oil at $30 a barrel, and gasoline futures hit their weakest level since at least 2005.
Collapsing fuel demand cuts diesel and energy costs for feed mills and lowers the value of biofuel-linked feedstocks. Lower crude prices are bearish for energy-linked agricultural commodities.
Dopo 312 eventi macro ribassista passati, Petrolio greggio (Brent) si è mosso in mediana di -1,7% in 5 sedute (38% in rialzo; metà centrale da -5,4% a +2,3%), e di -1,7% in 20.
Dopo 565 eventi macro ribassista passati, Petrolio greggio (WTI) si è mosso in mediana di -1,4% in 5 sedute (41% in rialzo; metà centrale da -5,9% a +3,0%), e di -0,5% 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.
Bloomberg report of Brent falling over 12.5% to the lowest since 2016 on collapsing demand from virus restrictions, matching the size and timing of the Mar 16 drop.
Brent fell more than 12.5% on widening virus restrictions threatening record demand decline, with Aramco comfortable with $30 oil signalling no supply restraint.
Brent fell more than 12.5% as the demand collapse and a price-war supply glut hit oil, with the largest annual demand drop on record in prospect.
Describes the demand-collapse rout in oil around March 15-16, with the largest annual demand drop on record feeding the selloff that continued on March 17.