
Oil prices plunged about 5% on Thursday as US-China trade tensions dampened the demand outlook. Crude benchmarks were on course for their biggest daily and weekly falls in six months.
Weak US data and overfull US crude stockpiles added to the selloff.
Lower crude prices reduce energy costs and can weigh on biofuel margins and feed-grain demand sentiment. Escalating trade conflict also threatens agricultural export demand.
Após 80 eventos baixista de comércio passados, Petróleo (WTI) subiu em mediana -2,2% em 5 sessões (30% de alta; metade central de -6,9% a +0,8%), e -1,5% em 20.
Após 56 eventos baixista de comércio passados, Petróleo (Brent) subiu em mediana -5,6% em 5 sessões (20% de alta; metade central de -9,0% a -1,7%), e -4,5% 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.
Directly describes the ~5% Thursday plunge driven by US-China trade tensions hurting demand outlook, weak US data and heavy US stockpiles.
Reports a roughly 5% plunge as US-China trade tensions hit the demand outlook, with overfull US stockpiles adding pressure.
The biggest weekly drop of 2019 came from trade tensions, weak US data and overfull stockpiles, which set the downtrend that likely carried into the window.