# Stocks dip, oil slides and havens shine as growth nerves nag

> Stock markets stalled and safe havens were supported in Asia as doubts grew over interest rates and growth outside the US. Oil prices fell to a six-week low on concern about a supply overhang and the prospect that China and the US would draw on fuel reserves. Brent was last near $80, about 8% below last month's three-year high.

- Date: 2021-11-18 · published 2021-11-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/44282-stocks-dip-oil-slides-and-havens-shine-as-growth-nerves-nag
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower crude prices reduce energy and freight cost pressure, but a reserve-driven supply overhang is a bearish signal for energy-linked feed and biofuel demand.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/global-markets-wrapup-2-2021-11-18/

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