# Market Talk | The Meltdown Continues

> WTI traded below $60 for a 10th straight session, and Brent fell under $70 for the first time since April. Most petroleum contracts were more than 20% below their October highs. The Fed held rates steady and signaled continued gradual hikes.

- Date: 2018-11-09 · published 2018-11-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11333-market-talk-the-meltdown-continues
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A broad energy selloff lowers fuel and fertilizer-linked costs for feed production. Rate-hike signals and a stronger dollar could add further pressure on commodity prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2018-11-13 | 1 | -3.9% | -3.2 | WTI below $60 and Brent below $70, with petroleum contracts more than 20% under October highs, shows the broad bearish crude momentum that dragged diesel futures lower, though the dating is slightly earlier. |

## Sources

- tacenergy.com: https://www.tacenergy.com/news-and-views/market-talk/the-meltdown-continues

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