
US crude futures briefly fell below $20 a barrel and Brent hit its lowest level in 18 years on March 30, 2020. The drop reflected fears that global coronavirus lockdowns could last months and further reduce fuel demand.
Analysts said higher-cost producers may be forced to shut in output as storage fills.
Lower crude prices reduce energy and transport costs, but the demand shock signals weaker fuel and economic activity. Feed buyers should expect energy-linked input costs to stay soft while the demand outlook remains weak.
Após 565 eventos baixista de macro passados, Petróleo (WTI) subiu em mediana -1,4% em 5 sessões (41% de alta; metade central de -5,9% a +3,0%), e -0,5% em 20.
Após 312 eventos baixista de macro passados, Petróleo (Brent) subiu em mediana -1,7% em 5 sessões (38% de alta; metade central de -5,4% a +2,3%), e -1,7% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
Mar 30 slide to 18-year low on fears lockdowns would last months and cut fuel demand falls within the 5-day window and directly drove the Brent drop.
Brent hit an 18-year low on fears of prolonged lockdowns cutting fuel demand and storage filling, the demand-side pressure leading into March 31.