# Europe Lockdowns, More Supply Cause 10-Cent Price Drop - Mansfield Energy

> Fuel prices fell 8-9 cents per gallon on Nov. 19 as crude dropped more than $2.50 from the prior close. The selloff followed European lockdown measures, with Austria reimplementing restrictions, and China signaling openness to releasing strategic reserves. Mansfield noted the inventory report showed tight supply.

- Date: 2021-11-19 · published 2021-11-19T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11828-europe-lockdowns-more-supply-cause-10-cent-price-drop-mansfield-energy
- 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

Expectations of weaker European demand and possible reserve releases point to lower crude and diesel prices, reducing fuel and transport costs for feed producers in the near term.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WTI | 2021-11-19 | 1 | -3.6% | -3.2 | Same-day report attributes the crude selloff of over $2.50 to European lockdowns and China signaling a possible strategic reserve release, which would add supply. |
| BRENT | 2021-11-19 | 1 | -2.8% | -3.0 | Same-day account ties the crude drop of over $2.50 to European lockdowns and China signaling openness to releasing strategic reserves, which implies lower demand and added supply. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-11-19 | [OIL FUTURES: Prices slide amid European lockdowns, stronger US dollar \| S&P Global](https://feedsoft.ai/events/11826-oil-futures-prices-slide-amid-european-lockdowns-stronger-us-dollar-s-and-p.md) | -5.3% | -10.2% |
| WTI | 2025-06-23 | [Oil prices drop 6% as Israel-Iran ceasefire reduces Middle East supply risk \| Reuters](https://feedsoft.ai/events/8643-oil-prices-drop-6-as-israel-iran-ceasefire-reduces-middle-east-supply-risk.md) | -12.2% | -9.7% |
| WTI | 2025-05-27 | [Oil prices ease as US-Iran talks, OPEC+ plans spur supply concerns](https://feedsoft.ai/events/24853-oil-prices-ease-as-us-iran-talks-opec-plans-spur-supply-concerns.md) | +0.9% | +4.3% |
| WTI | 2018-07-11 | [Brent crude suffers biggest price drop in two years](https://feedsoft.ai/events/10093-brent-crude-suffers-biggest-price-drop-in-two-years.md) | -8.2% | -6.7% |
| WTI | 2026-04-13 | [Oil prices fall as supply concerns ease on hopes for US-Iran talks - CNA](https://feedsoft.ai/events/10085-oil-prices-fall-as-supply-concerns-ease-on-hopes-for-us-iran-talks-cna.md) | -12.8% | -0.0% |
| BRENT | 2021-11-19 | [OIL FUTURES: Prices slide amid European lockdowns, stronger US dollar \| S&P Global](https://feedsoft.ai/events/11826-oil-futures-prices-slide-amid-european-lockdowns-stronger-us-dollar-s-and-p.md) | +0.4% | -8.6% |
| BRENT | 2025-06-23 | [Oil prices drop 6% as Israel-Iran ceasefire reduces Middle East supply risk \| Reuters](https://feedsoft.ai/events/8643-oil-prices-drop-6-as-israel-iran-ceasefire-reduces-middle-east-supply-risk.md) | -11.9% | -9.9% |
| BRENT | 2025-05-27 | [Oil prices ease as US-Iran talks, OPEC+ plans spur supply concerns](https://feedsoft.ai/events/24853-oil-prices-ease-as-us-iran-talks-opec-plans-spur-supply-concerns.md) | +0.8% | +12.0% |

## Sources

- mansfield.energy: https://mansfield.energy/2021/11/19/europe-lockdowns-more-supply-cause-10-cent-price-drop/

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