# Week In Review – March 19, 2021 - Mansfield Energy

> Oil prices posted the largest weekly drop since the early pandemic, losing nearly $6 a barrel, or almost 10%. The decline was concentrated on Thursday and extended a five-session losing streak. The week's drivers included a surprise EIA inventory build for fuels and renewed concerns about AstraZeneca vaccine rollouts.

- Date: 2021-03-19 · published 2021-03-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/6485-week-in-review-march-19-2021-mansfield-energy
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Lower crude and diesel prices reduce energy and freight costs for feed production, and they can weigh on biofuel-linked feedstock values. Weak fuel demand signals from the inventory data point to softer energy prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2021-03-18 | 1 | -8.3% | -5.4 | Notes the Thursday concentration of the decline, a surprise EIA fuel inventory build and AstraZeneca vaccine concerns. |

## Sources

- mansfield.energy: https://mansfield.energy/2021/03/19/week-in-review-march-19-2021/

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