# Oil Prices Fall on Fresh Fears of Dwindling Demand  - WSJ

> 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.

- Date: 2021-03-18 · published 2021-03-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/6202-oil-prices-fall-on-fresh-fears-of-dwindling-demand-wsj
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Weak demand expectations and ample supply point to continued downward pressure on crude. This lowers energy-linked costs for feed and biofuel inputs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2021-03-18 | 1 | -8.3% | -5.4 | Reports the March 18 drop on fears of weaker European demand and plentiful crude supply. |

## Sources

- wsj.com: https://www.wsj.com/business/energy-oil/oil-prices-fall-on-fresh-fears-of-dwindling-demand-11616096649

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