# Oil Slips From 8-Month High as Rally Fizzles Out - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> Oil fell about 1% from an eight-month high as the dollar recovered and demand disparities emerged, with Asia healthy but Europe lagging under renewed German lockdown measures. OPEC+ is set to delay a planned supply increase by three months.

- Date: 2020-11-26 · published 2020-11-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/50317-oil-slips-from-8-month-high-as-rally-fizzles-out-energy-news-top-headlines
- 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

A stronger dollar and softer demand in Europe weigh on crude, while the OPEC+ delay limits supply growth, leaving energy prices supported but range-bound.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-10-01 | [OIL FUTURES: Crude hits five-month lows as European lockdowns loom – The Energy Bulletin Daily](https://feedsoft.ai/events/50805-oil-futures-crude-hits-five-month-lows-as-european-lockdowns-loom-the-energy.md) | -0.6% | -7.0% |
| WTI | 2023-02-02 | [CANADA FX DEBT-C$ retreats from 2-1/2 month high as U.S. jobs data looms \| Kitco News](https://feedsoft.ai/events/37581-canada-fx-debt-c-retreats-from-2-1-2-month-high-as-u-s-jobs-data-looms-kitco.md) | +2.8% | +2.3% |
| WTI | 2025-02-01 | [Oil prices settle pennies higher, down for week as Trump touts energy policy](https://feedsoft.ai/events/26664-oil-prices-settle-pennies-higher-down-for-week-as-trump-touts-energy-policy.md) | -2.1% | -5.8% |
| WTI | 2019-06-05 | [The Fed is ready to cut rates as needed - Mansfield Energy](https://feedsoft.ai/events/10751-the-fed-is-ready-to-cut-rates-as-needed-mansfield-energy.md) | -0.4% | +4.8% |
| WTI | 2023-02-01 | [Canadian dollar posts 2½-month high as stocks rally after Fed rate hike - The Globe and Mail](https://feedsoft.ai/events/37580-canadian-dollar-posts-21-2-month-high-as-stocks-rally-after-fed-rate-hike-the.md) | -2.2% | -1.7% |
| BRENT | 2020-10-01 | [OIL FUTURES: Crude hits five-month lows as European lockdowns loom – The Energy Bulletin Daily](https://feedsoft.ai/events/50805-oil-futures-crude-hits-five-month-lows-as-european-lockdowns-loom-the-energy.md) | +1.7% | -5.3% |
| BRENT | 2019-09-27 | [Rupee rallies to nearly 2-month high as crude subsides \| Rupee rallies to nearly 2-month high as crude subsides](https://feedsoft.ai/events/57382-rupee-rallies-to-nearly-2-month-high-as-crude-subsides-rupee-rallies-to-nearly.md) | -7.3% | -1.2% |
| BRENT | 2025-02-01 | [Oil prices settle pennies higher, down for week as Trump touts energy policy](https://feedsoft.ai/events/26664-oil-prices-settle-pennies-higher-down-for-week-as-trump-touts-energy-policy.md) | -2.9% | -3.9% |

## Sources

- energynow.com: https://energynow.com/2020/11/oil-slips-from-8-month-high-as-rally-fizzles-out/

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