
Oil prices fell to their lowest level in more than a year as the coronavirus outbreak cut Chinese demand and raised fears of supply disruption. Crude settled down $2.17, or 3.8%, at $54.45 a barrel, its lowest since January of last year.
Lower crude prices weaken the energy complex and reduce input costs for diesel and biofuels, which can pull down soyoil and ethanol-linked feed co-products such as DDGS. The demand shock from China is the main bearish driver.
Na 32 eerdere neerwaarts ziekte-gebeurtenissen bewoog Ruwe olie (WTI) zich mediaan -5,2% over 5 sessies (13% hoger; middelste helft -15,0% tot -2,4%), en -5,7% over 20.
Na 26 eerdere neerwaarts ziekte-gebeurtenissen bewoog Ruwe olie (Brent) zich mediaan -6,0% over 5 sessies (15% hoger; middelste helft -13,3% tot -2,0%), en -6,8% 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.
Same-day report of oil at 13-month lows as coronavirus cut Chinese crude demand, directly explaining the Brent drop on Feb 3.
Oil settled at 13-month lows on Feb 3 as coronavirus cut Chinese demand, a major leg of the 5-day decline.