# Middle East Crude Oil Prices Tumble After Global Sell-Off | OilPrice.com

> Middle East crude prices fell sharply after a global equity sell-off, with December Dubai cash dropping 4.42% to $74.40 on October 24, its biggest one-day move since June. WTI and Brent each fell about 4% the previous day, the worst one-day drop since July.

- Date: 2018-10-24 · published 2018-10-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/62709-middle-east-crude-oil-prices-tumble-after-global-sell-off-oilprice-com
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A broad crude sell-off lowers energy and freight costs for feed buyers and reduces biofuel-linked demand support for vegetable oils, though it reflects risk-off sentiment more than a supply change.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- oilprice.com: https://oilprice.com/Energy/Oil-Prices/Middle-East-Crude-Oil-Prices-Tumble-After-Global-Sell-Off.html

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