# Oil prices down 4% on expectations for return of Libyan crude production, global stock-market selloff - MarketWatch

> WTI crude futures fell more than 4% on expectations that Libyan crude output would soon return to the market. Weaker equities and rising COVID-19 cases in Europe added to the selloff.

- Date: 2020-09-21 · published 2020-09-21T12:00:00.000Z
- Category: geopolitics · region Libya · magnitude medium
- Page: https://feedsoft.ai/events/6766-oil-prices-down-4-on-expectations-for-return-of-libyan-crude-production-global
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Returning Libyan supply adds to global crude availability and pushes oil prices lower. Cheaper crude weakens biofuel economics and lowers diesel and freight costs, which can soften vegetable oil and feed prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-11-03 | [Why oil prices are plunging despite U.S. sanctions on Iran’s energy sector - MarketWatch](https://feedsoft.ai/events/9155-why-oil-prices-are-plunging-despite-u-s-sanctions-on-iran-s-energy-sector.md) | -4.7% | -16.1% |
| WTI | 2026-05-05 | [Oil prices bounce off lows, as an Iran peace deal may be just a ‘structured pause’ - MarketWatch](https://feedsoft.ai/events/9583-oil-prices-bounce-off-lows-as-an-iran-peace-deal-may-be-just-a-structured-pause.md) | -7.6% | -11.4% |
| WTI | 2021-11-19 | [OIL FUTURES: Prices slide amid European lockdowns, stronger US dollar \| S&P Global](https://feedsoft.ai/events/11826-oil-futures-prices-slide-amid-european-lockdowns-stronger-us-dollar-s-and-p.md) | -5.3% | -10.2% |
| WTI | 2024-08-30 | [Crude Oil snaps support after OPEC sources confirm gradual reopening of production](https://feedsoft.ai/events/28976-crude-oil-snaps-support-after-opec-sources-confirm-gradual-reopening-of.md) | -10.8% | -10.5% |
| WTI | 2020-07-31 | [OPEC+ plans to pump more crude into a precarious global oil market](https://feedsoft.ai/events/52006-opec-plans-to-pump-more-crude-into-a-precarious-global-oil-market.md) | +5.2% | +7.7% |
| BRENT | 2026-05-05 | [Oil prices bounce off lows, as an Iran peace deal may be just a ‘structured pause’ - MarketWatch](https://feedsoft.ai/events/9583-oil-prices-bounce-off-lows-as-an-iran-peace-deal-may-be-just-a-structured-pause.md) | -9.6% | -16.4% |
| BRENT | 2021-11-19 | [OIL FUTURES: Prices slide amid European lockdowns, stronger US dollar \| S&P Global](https://feedsoft.ai/events/11826-oil-futures-prices-slide-amid-european-lockdowns-stronger-us-dollar-s-and-p.md) | +0.4% | -8.6% |
| BRENT | 2024-08-30 | [Crude Oil snaps support after OPEC sources confirm gradual reopening of production](https://feedsoft.ai/events/28976-crude-oil-snaps-support-after-opec-sources-confirm-gradual-reopening-of.md) | -8.9% | -10.4% |

## Sources

- marketwatch.com: https://www.marketwatch.com/story/oil-prices-tumble-on-expectations-for-return-of-libyan-crude-production-global-stock-market-selloff-2020-09-21

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