# What’s Happening to the Price of Oil? - The New York Times

> The article describes a sharp retreat in oil prices that recalls the 2014 crash and worries OPEC members. Saudi Arabia, the most powerful OPEC member, made a statement on Nov. 20 that is cut off in the text.

- Date: 2018-11-20 · published 2018-11-20T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/10583-what-s-happening-to-the-price-of-oil-the-new-york-times
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A sharp price fall threatens OPEC's revenue and may prompt supply action, which could later reverse the price trend. Energy price swings also feed into feed-ingredient costs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2018-11-20 | 1 | -5.3% | -3.4 | Nov 20 coverage of the sharp oil retreat and a Saudi statement that worried OPEC; sentiment on supply policy. |

## Sources

- nytimes.com: https://www.nytimes.com/2018/11/20/business/energy-environment/oil-prices.html

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