Loading…
Oil prices fell more than 7% on March 18, 2021, their largest one-day drop since September. Traders reacted to signs that European demand could weaken and to data showing crude supply remains plentiful.
Weak demand expectations and ample supply point to continued downward pressure on crude. This lowers energy-linked costs for feed and biofuel inputs.
wsj.comAmrith RamkumarMar 18, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Reports the March 18 drop on fears of weaker European demand and plentiful crude supply.
