Laden…
Oil prices plummeted on Thursday as the escalating US-China trade war hit equities and dampened oil demand growth expectations. WTI fell below $60 for the first time since late March, and Brent dipped below $70.
China said talks could not resume until the US corrected its 'wrong actions', and a weak US manufacturing reading added to the selloff.
Escalating tariff retaliation between the two largest economies lowers global growth and energy demand outlooks. Weaker crude prices reduce biofuel economics and can soften demand for feed-grain and oilseed markets.
oilprice.comTsvetana Paraskova23 mei 2019Na 80 eerdere neerwaarts handel-gebeurtenissen bewoog Ruwe olie (WTI) zich mediaan -2,2% over 5 sessies (30% hoger; middelste helft -6,9% tot +0,8%), en -1,5% over 20.
Na 56 eerdere neerwaarts handel-gebeurtenissen bewoog Ruwe olie (Brent) zich mediaan -5,6% over 5 sessies (20% hoger; middelste helft -9,0% tot -1,7%), en -4,5% 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.
Covers the May 23 worst day in six months as trade war escalation hit equities and oil demand expectations, with weak US manufacturing data.
Describes the worst oil day in six months as the trade war hit equities and demand growth expectations, with weak US manufacturing data adding to the selloff.
Trade-war escalation hit equities and oil demand expectations, with Brent dipping below $70, a sentiment and demand channel, but the date precedes the window.
