
Opec and its allies were expected to meet as crude fell about 20% from its January peak, reaching its lowest level in a year. Coronavirus-related Lunar New Year extensions and travel restrictions in China shut factories and cut oil consumption, and airlines suspended flights, hitting jet fuel demand.
Sinopec reportedly cut crude processing by about 12%.
Sharp demand destruction in China and aviation fuel weakness point to lower crude and diesel prices, while possible OPEC output cuts could partly offset the decline. The net price direction depends on whether producers act.
在过去 32 次看跌的疫病事件之后,原油(WTI) 在 5 个交易日内中位数变动 -5.2%(13% 上涨;中间一半区间为 -15.0% 至 -2.4%),20 个交易日内为 -5.7%。
在过去 26 次看跌的疫病事件之后,原油(Brent) 在 5 个交易日内中位数变动 -6.0%(15% 上涨;中间一半区间为 -13.3% 至 -2.0%),20 个交易日内为 -6.8%。
在过去 13 次看跌的疫病事件之后,ULSD / 柴油 在 5 个交易日内中位数变动 -5.1%(38% 上涨;中间一半区间为 -6.3% 至 +1.2%),20 个交易日内为 -6.1%。
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。
Explains the demand mechanism: factory shutdowns, Sinopec run cuts of ~12% and lower jet fuel demand hit crude.