# Diesel Slump Turns Into a Rout as Virus Locks Down Cities - Bloomberg

> Diesel's premium to crude and its supply-demand gauge have collapsed this year. The rout reflects weaker shipping-industry buying and a mild winter, and the novel coronavirus in China has deepened the slide through travel restrictions and weaker investor sentiment.

- Date: 2020-01-28 · published 2020-01-28T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/12371-diesel-slump-turns-into-a-rout-as-virus-locks-down-cities-bloomberg
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower diesel demand and a weaker crack spread reduce energy-linked costs for feed transport and processing, while weak sentiment spills into other commodities. The outbreak adds downside risk to fuel demand.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2021-11-26 | [Algos and options turn a tumble into a crash on oil's Black Friday - The Business Times](https://feedsoft.ai/events/7080-algos-and-options-turn-a-tumble-into-a-crash-on-oil-s-black-friday-the-business.md) | -11.4% | -2.0% |
| DIESEL | 2020-01-30 | [Oil Sinks to Three-Month Low as Asia Virus Spooks OPEC - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/55263-oil-sinks-to-three-month-low-as-asia-virus-spooks-opec-energy-news-top.md) | -2.6% | -12.2% |
| DIESEL | 2020-02-17 | [Analyst reports little chance of a near-term recovery in diesel - FreightWaves](https://feedsoft.ai/events/9356-analyst-reports-little-chance-of-a-near-term-recovery-in-diesel-freightwaves.md) | -5.1% | -38.5% |
| DIESEL | 2022-04-22 | [Crudes Fall 4% Week Over Week as China's Lockdowns Stoke Demand Fears](https://feedsoft.ai/events/41762-crudes-fall-4-week-over-week-as-china-s-lockdowns-stoke-demand-fears.md) | +29.4% | -2.2% |
| DIESEL | 2020-01-27 | [Oil drops below $60 as China virus drives demand concern \| Fox Business](https://feedsoft.ai/events/54975-oil-drops-below-60-as-china-virus-drives-demand-concern-fox-business.md) | -6.3% | -6.8% |
| WTI | 2020-02-03 | [Oil Slide Reaches $50 a Barrel After Virus Curbs China Demand - Bloomberg](https://feedsoft.ai/events/7407-oil-slide-reaches-50-a-barrel-after-virus-curbs-china-demand-bloomberg.md) | -2.4% | -9.3% |
| WTI | 2021-12-01 | [Oil turns lower as Covid variant is confirmed in the U.S.](https://feedsoft.ai/events/6815-oil-turns-lower-as-covid-variant-is-confirmed-in-the-u-s.md) | +8.8% | +15.8% |
| WTI | 2020-02-23 | [South Korea stocks plunge, country raises coronavirus alert to 'highest level'](https://feedsoft.ai/events/54824-south-korea-stocks-plunge-country-raises-coronavirus-alert-to-highest-level.md) | -16.0% | -61.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-01-28/diesel-slump-turns-into-a-rout-as-coronavirus-locks-down-cities

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