Laden…
Oil prices extended losses on Monday as worries about lower demand in China spread after the coronavirus outbreak. Brent was at $56.14 a barrel and WTI at $51.32, after both fell in January, with Brent losing nearly 12% that month.
Chinese airports closed and factory activity stalled, while the central bank injected liquidity to support the economy.
Lower Chinese demand and disrupted supply chains keep the outlook bearish for crude and diesel, with Chinese stimulus offering only a short-term floor. Lower energy prices weigh on biofuel and ethanol-linked feed costs.
ft.lk4 feb 2020Na 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.
Prices extended losses as China demand worries spread, with factory stalls and closed airports cutting consumption.
Describes oil extending losses Monday on lower Chinese demand worries, with Chinese airports and factories closed (dated Feb 4 but covers the Monday move).
