Oil prices extended losses on Monday as worries about lower demand in China spread after the coronavirus outbreak. Brent was at $56.14 a barrel and WTI at $51.32, after both fell in January, with Brent losing nearly 12% that month.
Chinese airports closed and factory activity stalled, while the central bank injected liquidity to support the economy.
Lower Chinese demand and disrupted supply chains keep the outlook bearish for crude and diesel, with Chinese stimulus offering only a short-term floor. Lower energy prices weigh on biofuel and ethanol-linked feed costs.
과거 하락 질병 이벤트 32건 이후, 원유 (WTI)은 5거래일 동안 중앙값 -5.2% 변동(상승 13%; 중간 50% 범위 -15.0%~-2.4%), 20거래일 동안 -5.7%.
과거 하락 질병 이벤트 26건 이후, 원유 (Brent)은 5거래일 동안 중앙값 -6.0% 변동(상승 15%; 중간 50% 범위 -13.3%~-2.0%), 20거래일 동안 -6.8%.
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.
Prices extended losses as China demand worries spread, with factory stalls and closed airports cutting consumption.
Describes oil extending losses Monday on lower Chinese demand worries, with Chinese airports and factories closed (dated Feb 4 but covers the Monday move).