
Crude futures fell 3.4% in New York on Thursday and were on track for their worst weekly loss since 2014 as coronavirus spread outside China. Prices sank as much as 10% since the previous Friday, driving the market into a sharp selloff.
A sustained risk-off move in crude driven by pandemic fears signals weaker expected global demand, which lowers energy costs and can reduce support for biofuel-linked feedstock prices.
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.
Crude sank on coronavirus spread outside China, with the worst weekly loss since 2014 and a sharp selloff, capturing the sentiment and demand-driven mechanism.
Crude fell further as coronavirus spread outside China, heading for its worst weekly loss since 2014.