# Traders shun risky assets as new lockdowns loom; stocks, oil tumble | GMA News Online

> Global stocks hit seven-week lows and oil fell more than 3% on Monday as new lockdown measures in Europe and Britain raised demand concerns. The US failed to agree on fiscal stimulus, and the US Supreme Court vacancy added political uncertainty.

- Date: 2020-09-21 · published 2020-09-21T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10818-traders-shun-risky-assets-as-new-lockdowns-loom-stocks-oil-tumble-gma-news
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Renewed lockdowns reduce expected fuel and energy demand, pressuring crude prices. A stronger dollar and risk-off sentiment also weigh on dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-04-25 | [Oil slumps 4% as Shanghai lockdowns stoke demand fears](https://feedsoft.ai/events/42020-oil-slumps-4-as-shanghai-lockdowns-stoke-demand-fears.md) | +2.0% | +10.0% |
| WTI | 2021-03-25 | [Oil prices drop 4% as new lockdowns undermine hopes for economic recovery](https://feedsoft.ai/events/10318-oil-prices-drop-4-as-new-lockdowns-undermine-hopes-for-economic-recovery.md) | -3.2% | +0.5% |
| WTI | 2020-10-28 | [Oil Falls As Rise In US Crude Stocks Fans Over-Supply Fears](https://feedsoft.ai/events/50802-oil-falls-as-rise-in-us-crude-stocks-fans-over-supply-fears.md) | -4.8% | +13.6% |
| WTI | 2020-10-01 | [OIL FUTURES: Crude hits five-month lows as European lockdowns loom – The Energy Bulletin Daily](https://feedsoft.ai/events/50805-oil-futures-crude-hits-five-month-lows-as-european-lockdowns-loom-the-energy.md) | -0.6% | -7.0% |
| WTI | 2020-01-27 | [Stocks and Oil Drop, Gold Rises As Wuhan Coronavirus Spreads - Markets Insider](https://feedsoft.ai/events/4514-stocks-and-oil-drop-gold-rises-as-wuhan-coronavirus-spreads-markets-insider.md) | -4.7% | -5.1% |
| BRENT | 2022-04-25 | [Oil slumps 4% as Shanghai lockdowns stoke demand fears](https://feedsoft.ai/events/42020-oil-slumps-4-as-shanghai-lockdowns-stoke-demand-fears.md) | +2.8% | +6.8% |
| BRENT | 2021-03-25 | [Oil prices drop 4% as new lockdowns undermine hopes for economic recovery](https://feedsoft.ai/events/10318-oil-prices-drop-4-as-new-lockdowns-undermine-hopes-for-economic-recovery.md) | -0.8% | +1.8% |
| BRENT | 2020-10-28 | [Oil Falls As Rise In US Crude Stocks Fans Over-Supply Fears](https://feedsoft.ai/events/50802-oil-falls-as-rise-in-us-crude-stocks-fans-over-supply-fears.md) | -3.8% | +16.8% |

## Sources

- gmanetwork.com: https://www.gmanetwork.com/news/money/economy/756591/traders-shun-risky-assets-as-new-lockdowns-loom-stocks-oil-tumble/story/

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