# Watch Markets: Oil Slides Amid a Broader Selloff of Metals, Commodities - Bloomberg

> Brent crude fell more than 5% at one point on February 2, while US crude futures also declined sharply. The moves came as geopolitical risk premiums faded and a broader commodities selloff deepened the slide.

- Date: 2026-02-02 · published 2026-02-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8800-watch-markets-oil-slides-amid-a-broader-selloff-of-metals-commodities-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower crude prices reduce energy and transport costs for feed producers and can weigh on biofuel-linked demand for vegetable oils. The move is mainly a routine price update with no new supply shock.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2026-02-02 | 1 | -6.3% | -3.7 | Brent fell more than 5% intraday as risk premiums faded and a broad commodities selloff deepened the slide. |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/videos/2026-02-02/oil-slides-amid-a-broader-selloff-of-metals-commodities-video

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