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Brent crude settled at its lowest level since July and WTI ended near its lowest in a month as demand worries persisted. Losses followed a sharp US equity selloff tied to tech valuations rather than a new negative global headline.
Equity-driven risk-off moves and soft demand outlook weigh on crude prices, which can spill into biofuel feedstock and energy-linked commodity sentiment.
marketwatch.comMyra P. Saefong,William WattsSep 3, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Dated 2020-09-03, it describes WTI falling to near a one-month low on weak demand amid a sharp US equity selloff, which matches the move on that day (sentiment/demand).
