# Why Oil Prices Fell 10% This Week - Mansfield Energy

> Oil fell about 7% during the session, with intraday losses exceeding 10%, and no single clear catalyst. Contributing factors cited were COVID lockdowns and vaccine delays in Europe, rising interest rates with a firmer dollar, across-the-board inventory builds, and crude breaking below its 20-day moving average. The article also notes the market is still supported by growing demand and OPEC+ production cuts.

- Date: 2021-03-19 · published 2021-03-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/6486-why-oil-prices-fell-10-this-week-mansfield-energy
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The sharp drop lowers energy and freight costs for feed buyers, and a firmer dollar makes dollar-priced commodities more expensive for foreign buyers. Whether the move marks a reversal or a pause depends on demand recovery and OPEC+ discipline.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2021-03-18 | 1 | -8.3% | -5.4 | Lists the contributing factors for the session: European lockdowns, rising rates and a firmer dollar, inventory builds and a technical break below the 20-day moving average. |

## Sources

- mansfield.energy: https://mansfield.energy/2021/03/19/why-oil-prices-fell-10-this-week/

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