# Covid and trade war fears drop oil and fuel prices - Container News

> Oil and bunker fuel prices declined for a week as slowing economic activity, restricted mobility, and fears of a second pandemic wave and a new trade war weighed on the market. The World Bunker Index fell, with VLSFO and MGO prices lower.

- Date: 2020-09-10 · published 2020-09-10T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10505-covid-and-trade-war-fears-drop-oil-and-fuel-prices-container-news
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Broad energy weakness from demand and trade concerns lowers diesel and shipping fuel costs, which can ease freight pressure on grain and feed flows.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2021-04-21 | [Oil prices drop as India’s COVID-19 surge dents demand outlook \| Reuters](https://feedsoft.ai/events/47759-oil-prices-drop-as-india-s-covid-19-surge-dents-demand-outlook-reuters.md) | +1.6% | +9.6% |
| DIESEL | 2023-12-12 | [What led to this fall's oil price slide — and what might come next \| CBC News](https://feedsoft.ai/events/32886-what-led-to-this-fall-s-oil-price-slide-and-what-might-come-next-cbc-news.md) | +1.6% | -0.9% |
| DIESEL | 2024-11-19 | [What do Diesel and Gasoline Tell us About Oil Prices?](https://feedsoft.ai/events/27582-what-do-diesel-and-gasoline-tell-us-about-oil-prices.md) | -0.7% | -1.3% |
| DIESEL | 2025-04-04 | [US refiners' shares hit near two-year lows as Trump tariffs spur fuel demand fears](https://feedsoft.ai/events/12523-us-refiners-shares-hit-near-two-year-lows-as-trump-tariffs-spur-fuel-demand.md) | -6.2% | -8.6% |
| DIESEL | 2020-04-22 | [Oil’s collapse and its effect on diesel prices - FreightWaves](https://feedsoft.ai/events/53806-oil-s-collapse-and-its-effect-on-diesel-prices-freightwaves.md) | -15.4% | +28.7% |
| WTI | 2025-04-07 | [Palm and Soy Oil Prices Drop as Oil Prices Decline](https://feedsoft.ai/events/9631-palm-and-soy-oil-prices-drop-as-oil-prices-decline.md) | -0.8% | -6.8% |
| WTI | 2022-06-14 | [Oil prices settle down on fears of Fed and oil profit tax](https://feedsoft.ai/events/41135-oil-prices-settle-down-on-fears-of-fed-and-oil-profit-tax.md) | -8.6% | -19.2% |
| WTI | 2021-04-21 | [Oil prices drop as India’s COVID-19 surge dents demand outlook \| Reuters](https://feedsoft.ai/events/47759-oil-prices-drop-as-india-s-covid-19-surge-dents-demand-outlook-reuters.md) | +0.7% | +4.7% |

## Sources

- container-news.com: https://container-news.com/covid-and-trade-war-fears-drop-oil-and-fuel-prices/

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