Oil prices plunged about 7% to settle at their lowest in over three years after China announced additional 34% tariffs on all U.S. goods from April 10. Brent settled at $65.58 and WTI at $61.99, with both posting their biggest weekly losses in roughly a year or more.
Escalating tariffs raise recession odds and cut expected energy demand from the world's top oil importer, pushing crude and energy-linked prices lower. Weaker crude also lowers biofuel and feedstock economics, pressuring soybean oil and palm oil.
과거 하락 무역 이벤트 80건 이후, 원유 (WTI)은 5거래일 동안 중앙값 -2.2% 변동(상승 30%; 중간 50% 범위 -6.9%~+0.8%), 20거래일 동안 -1.5%.
과거 하락 무역 이벤트 56건 이후, 원유 (Brent)은 5거래일 동안 중앙값 -5.6% 변동(상승 20%; 중간 50% 범위 -9.0%~-1.7%), 20거래일 동안 -4.5%.
과거 하락 무역 이벤트 152건 이후, 대두유은 5거래일 동안 중앙값 -0.2% 변동(상승 47%; 중간 50% 범위 -2.1%~+2.1%), 20거래일 동안 -0.1%.
과거 하락 무역 이벤트 158건 이후, 팜유은 5거래일 동안 중앙값 +0.0% 변동(상승 51%; 중간 50% 범위 -1.3%~+0.8%), 20거래일 동안 -1.4%.
각 품목 벤치마크의 이벤트 직전 종가 대비 변동. 과거 수치는 같은 유형의 과거 이벤트를 합산한 것으로, 일어난 일을 설명할 뿐 앞으로 일어날 일이 아닙니다. 투자 자문이 아닙니다.
China's retaliatory 34% tariffs on April 4 escalated the trade war and drove a roughly 7% Brent drop to $65.58, raising the demand-destruction outlook.
China's 34% retaliatory tariffs on Apr 4 escalated the trade war, raised demand-destruction fears and drove a ~7% drop to multi-year lows.
China's 34% retaliatory tariffs escalated the trade war and drove a ~7% settlement drop in WTI to lows in over three years.
A 7% crude oil plunge to 3-year lows on US-China tariff escalation weakens palm oil via reduced biodiesel/discretionary blending economics and the palm-gasoil spread, plus broad risk-off sentiment and fears of lower global demand, all coinciding with the start of the 5-day decline.
Crude's ~7% plunge to a 3-year low on April 4 reduced palm's biodiesel discretionary-blending appeal and set up the Monday selloff.
Crude oil plunged about 7% on China's retaliatory tariffs, which cuts palm oil's biodiesel/energy-linked demand and pressured vegetable oils.