# OIL FUTURES: Prices slide amid European lockdowns, stronger US dollar | S&P Global

> Crude oil futures fell sharply on Nov. 19 as new COVID-19 lockdowns in Europe and a stronger US dollar weighed on the market. NYMEX December WTI settled down $2.91 at $76.10/b and ICE January Brent settled at $78.89/b. Austria announced a nationwide lockdown starting Nov. 22, and Germany tightened restrictions for unvaccinated citizens.

- Date: 2021-11-19 · published 2021-11-19T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/11826-oil-futures-prices-slide-amid-european-lockdowns-stronger-us-dollar-s-and-p
- 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

Lockdowns cut fuel demand expectations and a stronger dollar makes dollar-priced commodities more expensive abroad, both bearish for energy and energy-linked feed costs such as biofuel-driven soybean oil and corn ethanol margins.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WTI | 2021-11-19 | 1 | -3.6% | -3.2 | Directly describes the Nov. 19 WTI settlement drop of $2.91 to $76.10 driven by European COVID lockdowns (Austria, Germany) cutting demand expectations and a stronger US dollar. |
| BRENT | 2021-11-19 | 1 | -2.8% | -3.0 | Same-day report attributes the Brent/WTI selloff to new European COVID lockdowns (Austria, Germany) hurting demand expectations plus a stronger US dollar. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-10-01 | [CPO Futures Extend Losses Amid Weaker Crude Oil Prices](https://feedsoft.ai/events/9799-cpo-futures-extend-losses-amid-weaker-crude-oil-prices.md) | -2.3% | +8.7% |
| WTI | 2020-09-21 | [Oil prices down 4% on expectations for return of Libyan crude production, global stock-market selloff - MarketWatch](https://feedsoft.ai/events/6766-oil-prices-down-4-on-expectations-for-return-of-libyan-crude-production-global.md) | -2.4% | -0.8% |
| WTI | 2020-03-18 | [Brent crude futures hit 16-year low below $27.00/b \| S&P Global](https://feedsoft.ai/events/7661-brent-crude-futures-hit-16-year-low-below-27-00-b-s-and-p-global.md) | -18.5% | -26.1% |
| WTI | 2026-07-28 | [Corn Futures Slide as Oil Selloff Triggers Profit-Taking](https://feedsoft.ai/events/9377-corn-futures-slide-as-oil-selloff-triggers-profit-taking.md) | -2.7% | +2.6% |
| WTI | 2020-10-01 | [Oil prices drop as Trump announces positive test for coronavirus; yen strengthens against dollar](https://feedsoft.ai/events/50869-oil-prices-drop-as-trump-announces-positive-test-for-coronavirus-yen.md) | -0.6% | -7.0% |
| BRENT | 2026-10-01 | [CPO Futures Extend Losses Amid Weaker Crude Oil Prices](https://feedsoft.ai/events/9799-cpo-futures-extend-losses-amid-weaker-crude-oil-prices.md) | +2.6% | +8.8% |
| BRENT | 2020-09-21 | [Oil prices down 4% on expectations for return of Libyan crude production, global stock-market selloff - MarketWatch](https://feedsoft.ai/events/6766-oil-prices-down-4-on-expectations-for-return-of-libyan-crude-production-global.md) | -2.9% | -1.2% |
| BRENT | 2020-03-18 | [Brent crude futures hit 16-year low below $27.00/b \| S&P Global](https://feedsoft.ai/events/7661-brent-crude-futures-hit-16-year-low-below-27-00-b-s-and-p-global.md) | -9.0% | -17.4% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/111921-oil-futures-prices-slide-amid-european-lockdowns-stronger-us-dollar

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