Laden…
Asian shares fell on March 9, 2020 as investors fled to bonds over the economic shock of the coronavirus. Oil plunged more than 20% after Saudi Arabia cut its official selling prices and signaled plans to raise output following the collapse of the OPEC+ supply cut deal with Russia.
Brent fell to about $35.88 a barrel and U.S. crude to about $32.51.
Lower crude prices weaken the energy-wide cost base and the link to biofuel and diesel demand, which can pressure soybean oil, corn and other biofuel-linked feed inputs. Cheaper diesel and freight also lower feed transport costs for buyers.
reuters.comWayne Cole9 mrt 2020Na 565 eerdere neerwaarts macro-gebeurtenissen bewoog Ruwe olie (WTI) zich mediaan -1,4% over 5 sessies (41% hoger; middelste helft -5,9% tot +3,0%), en -0,5% over 20.
Na 312 eerdere neerwaarts macro-gebeurtenissen bewoog Ruwe olie (Brent) zich mediaan -1,7% over 5 sessies (38% hoger; middelste helft -5,4% tot +2,3%), en -1,7% over 20.
Na 79 eerdere neerwaarts macro-gebeurtenissen bewoog ULSD / Diesel zich mediaan -1,0% over 5 sessies (39% hoger; middelste helft -5,7% tot +1,7%), en -1,5% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Reports the March 9 plunge of over 20% from Saudi price cuts and planned output increases after the OPEC+ deal collapsed, amplified by coronavirus risk-off sentiment.
Oil plunged over 20% on March 9 after Saudi Arabia cut selling prices and signaled higher output following the OPEC+ collapse, with Brent near $35.88.
Oil fell more than 20% on Saudi price cuts and planned output increases after the OPEC+ deal collapsed, with coronavirus-driven risk-off sentiment amplifying the drop.
Reports of the March 9 oil plunge of over 20% after Saudi price cuts reflect the same shock and show how it fed through to petroleum products, though the event is dated just after the move window.
It links the oil plunge to Saudi price cuts and planned output increases after the OPEC+ collapse, with coronavirus risk-off adding to the selling.
