◂ Gebeurtenissenverloop

20 jul 2021MACROWereldwijd

Oil extends decline as concerns over Covid-19 variant mount

Oil prices extended their decline on Tuesday, with Brent falling about 9% and WTI about 10% from Friday's settlement. The selloff followed OPEC+ agreeing to resolve a weeks-long deadlock and add output, and it was driven by fears that rising Delta variant cases would bring lockdowns and weaker demand.

Brent traded near $68.80 per barrel and WTI near $66.78.

WAAROM HET ER TOE DOET

Demand worries combined with an agreed OPEC+ supply increase push crude lower, which weakens energy costs and biofuel economics that support grain and oilseed demand. The price implication for feed buyers is softer energy-linked input costs and modest pressure on biofuel-driven vegetable oil and corn demand.

BETREFTRuwe olie (WTI)▼Ruwe olie (Brent)▼

BRON
thenationalnews.comJennifer Gnana20 jul 2021

Koersreactie & historie

Ruwe olie (WTI)▼neerwaartsTOT NU TOE1d +1,4%5d +8,5%20d +1,4%

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.

3 okt 2023Oil drops for fourth consecutive day on macroeconomic concerns | The National-5,4%
6 mei 2017Crude prices fall amid high inventories and concerns over China | The National+3,5%
29 nov 2021New COVID Variant Causes Oil To Plunge As Demand Picture Clouds-11,3%
30 nov 2021Canadian dollar dips as Omicron variant concerns offset GDP gain - The Globe and Mail-0,5%
18 nov 2022Canadian dollar extends weekly decline as oil prices slide | Financial Post-6,5%

Ruwe olie (Brent)▼neerwaartsTOT NU TOE1d +1,0%5d +8,2%20d +1,2%

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.

3 okt 2023Oil drops for fourth consecutive day on macroeconomic concerns | The National-1,3%
6 mei 2017Crude prices fall amid high inventories and concerns over China | The National+3,5%
29 nov 2021New COVID Variant Causes Oil To Plunge As Demand Picture Clouds-3,1%
30 nov 2021Canadian dollar dips as Omicron variant concerns offset GDP gain - The Globe and Mail-0,2%
12 dec 2023Oil falls more than 3% on softening demand, oversupply concerns | Reuters+3,3%

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.

Gekoppelde prijsbewegingen

Ruwe olie (WTI)-10,4%5 perioden tot 19 jul 2021-3,2σ
Describes the roughly 10% WTI decline from Friday's settlement, driven by the OPEC+ output increase and lockdown/demand fears.

Ruwe olie (WTI) WTI · GP ▸

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Ruwe olie (Brent) BRENT · GP ▸

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