
WTI crude fell $3.33 to $53.43 on November 20, its lowest close since October 2017, while Dated Brent dropped $4.26. Traders sold off energy on concerns Saudi Arabia would refrain from production cuts after the Khashoggi dispute, alongside weakness in equities.
Gasoline and diesel futures also fell sharply.
Lower crude and diesel futures reduce energy and freight costs for feed producers and suggest softer input costs ahead, though supply-cut talk could limit further declines.
Na 255 eerdere neerwaarts geopolitiek-gebeurtenissen bewoog Ruwe olie (WTI) zich mediaan -2,4% over 5 sessies (31% hoger; middelste helft -7,0% tot +1,7%), en -5,0% over 20.
Na 250 eerdere neerwaarts geopolitiek-gebeurtenissen bewoog Ruwe olie (Brent) zich mediaan -3,1% over 5 sessies (36% hoger; middelste helft -7,9% tot +1,6%), en -5,5% over 20.
Na 51 eerdere neerwaarts geopolitiek-gebeurtenissen bewoog ULSD / Diesel zich mediaan -2,4% over 5 sessies (37% hoger; middelste helft -8,2% tot +3,9%), en -2,3% 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.
WTI fell $3.33 to its lowest close since Oct 2017 on fears Saudi Arabia would not cut output and on equity weakness, a sentiment and supply shock that dragged diesel futures down sharply.
Reports the Nov 20 drop (Dated Brent -$4.26) and attributes it to fears Saudi Arabia would not cut output plus equity weakness.
Nov 20 drop in WTI and Dated Brent on fears Saudi Arabia would not cut output, plus equity weakness.