
Oil prices plummeted on Thursday as the escalating US-China trade war hit equities and dampened oil demand growth expectations. WTI fell below $60 for the first time since late March, and Brent dipped below $70.
China said talks could not resume until the US corrected its 'wrong actions', and a weak US manufacturing reading added to the selloff.
Escalating tariff retaliation between the two largest economies lowers global growth and energy demand outlooks. Weaker crude prices reduce biofuel economics and can soften demand for feed-grain and oilseed markets.
在过去 80 次看跌的贸易事件之后,原油(WTI) 在 5 个交易日内中位数变动 -2.2%(30% 上涨;中间一半区间为 -6.9% 至 +0.8%),20 个交易日内为 -1.5%。
在过去 56 次看跌的贸易事件之后,原油(Brent) 在 5 个交易日内中位数变动 -5.6%(20% 上涨;中间一半区间为 -9.0% 至 -1.7%),20 个交易日内为 -4.5%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。
Covers the May 23 worst day in six months as trade war escalation hit equities and oil demand expectations, with weak US manufacturing data.
Describes the worst oil day in six months as the trade war hit equities and demand growth expectations, with weak US manufacturing data adding to the selloff.
Trade-war escalation hit equities and oil demand expectations, with Brent dipping below $70, a sentiment and demand channel, but the date precedes the window.