
US crude fell 24% and Brent dropped 13.4% to $24.88, with Brent trading at its weakest since 2003. Prices have fallen more than 50% in 10 days as coronavirus shut factories and trade and OPEC and Russia failed to agree on output cuts.
A supply glut combined with a demand shock drives crude to multi-year lows, lowering fuel and freight costs but weakening biofuel economics that support vegetable oil and corn prices.
Após 255 eventos baixista de geopolítica passados, Petróleo (WTI) subiu em mediana -2,4% em 5 sessões (31% de alta; metade central de -7,0% a +1,7%), e -5,0% em 20.
Após 250 eventos baixista de geopolítica passados, Petróleo (Brent) subiu em mediana -3,1% em 5 sessões (36% de alta; metade central de -7,9% a +1,6%), e -5,5% 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.
Same-day report of Brent falling about 13% to its weakest since 2003 on demand collapse and OPEC/Russia failure to agree cuts.
Brent fell 13.4% on Mar 18 to its weakest since 2003 amid failed OPEC/Russia output deal and virus-driven demand loss.
Reports the 24% one-day crude drop and a fall of more than 50% in 10 days as factories shut and OPEC+ failed to agree on cuts.