# Global sell-off resumes after Credit Suisse renews worries; gold rallies | Reuters

> Global equities and bank shares slid after Credit Suisse's largest investor said it could not provide further financial assistance. Oil plunged more than $5 a barrel to its lowest in over a year, while gold rallied and Treasury yields fell.

- Date: 2023-03-15 · published 2023-03-15T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10077-global-sell-off-resumes-after-credit-suisse-renews-worries-gold-rallies-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower crude prices reduce biofuel and energy input costs, pressuring soybean oil, corn and vegetable oil values, while a firmer dollar and weaker growth outlook weigh on feed commodity demand.

## Read by commodity

- SBO: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-12-04 | [Oil falls over 3% after data raises Fed interest rate worries \| Reuters](https://feedsoft.ai/events/38137-oil-falls-over-3-after-data-raises-fed-interest-rate-worries-reuters.md) | -11.1% | -3.8% |
| WTI | 2026-02-02 | [Slump in commodities rattles global markets \| Reuters](https://feedsoft.ai/events/20505-slump-in-commodities-rattles-global-markets-reuters.md) | -1.6% | +9.9% |
| WTI | 2022-12-08 | [Explainer: What happened to the 2022 global oil rally? \| Reuters](https://feedsoft.ai/events/38396-explainer-what-happened-to-the-2022-global-oil-rally-reuters.md) | +7.3% | +2.5% |
| WTI | 2024-11-06 | [Metals sell off after US election Trump win while oil, agriculture recoup some losses \| Reuters](https://feedsoft.ai/events/10549-metals-sell-off-after-us-election-trump-win-while-oil-agriculture-recoup-some.md) | -5.3% | -4.8% |
| WTI | 2024-09-18 | [Oil prices fall as Fed rate cut stirs economic worries, storage report mixed \| Reuters](https://feedsoft.ai/events/28482-oil-prices-fall-as-fed-rate-cut-stirs-economic-worries-storage-report-mixed.md) | +0.3% | -1.2% |
| BRENT | 2022-12-04 | [Oil falls over 3% after data raises Fed interest rate worries \| Reuters](https://feedsoft.ai/events/38137-oil-falls-over-3-after-data-raises-fed-interest-rate-worries-reuters.md) | -11.4% | -5.6% |
| BRENT | 2026-02-02 | [Slump in commodities rattles global markets \| Reuters](https://feedsoft.ai/events/20505-slump-in-commodities-rattles-global-markets-reuters.md) | -3.1% | +0.6% |
| BRENT | 2022-12-08 | [Explainer: What happened to the 2022 global oil rally? \| Reuters](https://feedsoft.ai/events/38396-explainer-what-happened-to-the-2022-global-oil-rally-reuters.md) | +7.6% | +0.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/global-markets-wrapup-1-2023-03-15/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.