# OIL FUTURES: Crude hits five-month lows as European lockdowns loom – The Energy Bulletin Daily

> Oil futures settled near five-month lows on Oct 30, with December WTI at $35.79 and Brent at $37.46. The decline followed rising COVID-19 cases and planned partial lockdowns in Germany and France.

- Date: 2020-10-01 · published 2020-10-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/50805-oil-futures-crude-hits-five-month-lows-as-european-lockdowns-loom-the-energy
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower European energy demand and weaker mobility point to continued crude price weakness, reducing energy input costs for feed supply chains.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-03-30 | [Crude oil futures drop as pandemic darkens demand outlook](https://feedsoft.ai/events/5321-crude-oil-futures-drop-as-pandemic-darkens-demand-outlook.md) | +64.1% | -28.3% |
| WTI | 2020-11-26 | [Oil Slips From 8-Month High as Rally Fizzles Out - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/50317-oil-slips-from-8-month-high-as-rally-fizzles-out-energy-news-top-headlines.md) | +0.1% | +5.6% |
| WTI | 2020-02-03 | [Canadian dollar slides to two-month low as China virus hits oil demand - The Globe and Mail](https://feedsoft.ai/events/54810-canadian-dollar-slides-to-two-month-low-as-china-virus-hits-oil-demand-the.md) | -2.4% | -9.3% |
| WTI | 2020-03-10 | [Fear in the Market Drives Dow and Crude Oil Lower, Drags Ag Markets Along \| Hoosier Ag Today](https://feedsoft.ai/events/11271-fear-in-the-market-drives-dow-and-crude-oil-lower-drags-ag-markets-along.md) | -7.1% | -15.8% |
| WTI | 2020-03-27 | [Oil price crash: a glimpse into the future for global energy markets? Q&A with Pierre Noel](https://feedsoft.ai/events/7880-oil-price-crash-a-glimpse-into-the-future-for-global-energy-markets-q-and-a.md) | +37.1% | -32.8% |
| BRENT | 2020-03-30 | [Crude oil futures drop as pandemic darkens demand outlook](https://feedsoft.ai/events/5321-crude-oil-futures-drop-as-pandemic-darkens-demand-outlook.md) | +21.9% | -26.3% |
| BRENT | 2020-11-26 | [Oil Slips From 8-Month High as Rally Fizzles Out - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/50317-oil-slips-from-8-month-high-as-rally-fizzles-out-energy-news-top-headlines.md) | +0.2% | +6.6% |
| BRENT | 2022-03-08 | [Euro rises from 22-month lows as Ukraine crisis grips](https://feedsoft.ai/events/9524-euro-rises-from-22-month-lows-as-ukraine-crisis-grips.md) | -13.8% | -14.5% |

## Sources

- daily.energybulletin.org: https://daily.energybulletin.org/2020/10/oil-futures-crude-hits-five-month-lows-as-european-lockdowns-loom/

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