# Oil price drop not just a blip: Why this crude rout may be far from over - Financial Post

> Oil prices fell about 15% over three weeks to mid-February 2018 as stock markets dropped and fears grew of more U.S. output. Physical crude differentials in Europe and the U.S. fell to multi-month lows, pointing to weaker demand.

- Date: 2018-02-14 · published 2018-02-14T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/66660-oil-price-drop-not-just-a-blip-why-this-crude-rout-may-be-far-from-over
- 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

Weaker physical demand signals suggest further downside for crude, which lowers diesel and biofuel input costs. Lower energy prices can soften vegetable oil and ethanol-linked prices.

## Read by commodity

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

## Sources

- financialpost.com: https://financialpost.com/energy/update-2-physical-oil-market-sends-warning-to-opec-rout-might-not-be-over/

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