# Weekly Energy Market Situation, January 27, 2020 - Fuels Market News

> Heating degree days ran 11 percent below normal for the US season through January 18, with the South Atlantic 20 percent below. Concern about coronavirus spread in China also pushed prices lower, and natural gas broke below two dollars.

- Date: 2020-01-28 · published 2020-01-28T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/12372-weekly-energy-market-situation-january-27-2020-fuels-market-news
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Warm weather cuts heating fuel demand and weakens energy prices, which lowers input costs for feed producers. The virus threat adds further downward pressure on oil and fuel demand.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼
- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2020-01-17 | [Global distillate refining margins plummet on weak demand](https://feedsoft.ai/events/12374-global-distillate-refining-margins-plummet-on-weak-demand.md) | -6.9% | -8.6% |
| DIESEL | 2019-10-10 | [U.S. diesel prices hit three-year low as harvest delays feared - Grainews](https://feedsoft.ai/events/56770-u-s-diesel-prices-hit-three-year-low-as-harvest-delays-feared-grainews.md) | +1.5% | +0.5% |
| DIESEL | 2020-08-28 | [Most refineries coming back online after Laura exits - FreightWaves](https://feedsoft.ai/events/51795-most-refineries-coming-back-online-after-laura-exits-freightwaves.md) | -4.2% | -6.3% |
| WTI | 2026-07-28 | [Vegoils price commentary: CME soyoil futures down on sharply lower energy prices; CPO at highest in over a week - Fastmarkets](https://feedsoft.ai/events/8279-vegoils-price-commentary-cme-soyoil-futures-down-on-sharply-lower-energy-prices.md) | -2.7% | +2.6% |
| WTI | 2026-02-02 | [Market Talk \| Energy Markets Stumble As Diesel Plunges And Winter Storms Stress The Grid](https://feedsoft.ai/events/5920-market-talk-energy-markets-stumble-as-diesel-plunges-and-winter-storms-stress.md) | -1.6% | +9.9% |
| WTI | 2024-10-29 | [Daily Natural Gas Market Update  10-29-24](https://feedsoft.ai/events/11713-daily-natural-gas-market-update-10-29-24.md) | +6.1% | +2.5% |
| WTI | 2016-06-17 | [Futures File: Petro production picks up; Wheat market wilts – Greeley Tribune](https://feedsoft.ai/events/11731-futures-file-petro-production-picks-up-wheat-market-wilts-greeley-tribune.md) | +7.4% | -0.5% |
| WTI | 2017-01-04 | [Crude Oil and Natural Gas Futures Plunge on Tuesday - Oklahoma Energy Today](https://feedsoft.ai/events/11910-crude-oil-and-natural-gas-futures-plunge-on-tuesday-oklahoma-energy-today.md) | -2.9% | +2.9% |

## Sources

- fuelsmarketnews.com: https://fuelsmarketnews.com/weekly-energy-market-situation-january-27-2020/

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