
Oil dropped nearly 5% on March 27, 2020, extending a fifth straight weekly loss as coronavirus demand destruction outweighed government stimulus. The IEA head said global oil requirements could fall 20% as three billion people were in lockdown.
Analysts doubted Saudi Arabia would end its price war with Russia.
Demand destruction from lockdowns, combined with an unresolved supply dispute, keeps crude prices under pressure. Lower energy costs help feed buyers' logistics expenses, while weaker economic activity weighs on demand for livestock products.
Na 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.
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.
Mar 27 drop of nearly 5% on IEA warning of up to 20% demand loss and doubts about the price war ending started the window's decline.