Laden…
Brent crude in London fell below $40 a barrel for the first time since late June, and New York futures also fell sharply. Both benchmarks reached their lowest levels in nearly three months.
Markets cited stalling Asian demand, the end of the US summer driving season, and higher OPEC and allied supply.
Weaker demand and rising supply point to continued downward pressure on crude prices. Lower energy costs can ease input expenses for feed producers but also weaken biofuel margins.
bloomberg.comAshley Carman7 sep 2020Na 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.
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.
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.
Brent fell below $40 on stalling Asian demand, the end of the US driving season and higher OPEC+ supply, describing the sentiment behind the drop.
Brent fell below $40 on stalling Asian demand and higher OPEC supply, which set up the move. The date is ambiguous (Sept 7 was a US holiday), so it may describe the Sept 8 drop.
