# Energy View: Wednesday November 21 – GasBuddy

> WTI crude fell $3.33 to $53.43 on November 20, its lowest close since October 2017, while Dated Brent dropped $4.26. Traders sold off energy on concerns Saudi Arabia would refrain from production cuts after the Khashoggi dispute, alongside weakness in equities. Gasoline and diesel futures also fell sharply.

- Date: 2018-11-21 · published 2018-11-21T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9533-energy-view-wednesday-november-21-gasbuddy
- 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 futures reduce energy and freight costs for feed producers and suggest softer input costs ahead, though supply-cut talk could limit further declines.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2018-11-27 | 5 | -9.6% | -3.4 | WTI fell $3.33 to its lowest close since Oct 2017 on fears Saudi Arabia would not cut output and on equity weakness, a sentiment and supply shock that dragged diesel futures down sharply. |
| BRENT | 2018-11-20 | 1 | -5.3% | -3.4 | Reports the Nov 20 drop (Dated Brent -$4.26) and attributes it to fears Saudi Arabia would not cut output plus equity weakness. |
| BRENT | 2018-11-23 | 5 | -11.6% | -3.3 | Nov 20 drop in WTI and Dated Brent on fears Saudi Arabia would not cut output, plus equity weakness. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-11-20 | [Heating Oil vs WTI crack spread November 20,2025](https://feedsoft.ai/events/11485-heating-oil-vs-wti-crack-spread-november-20-2025.md) | -2.1% | -6.3% |
| WTI | 2021-11-01 | [Market Summary: November 7, 2021 \| news.cqg.com](https://feedsoft.ai/events/44222-market-summary-november-7-2021-news-cqg-com.md) | -2.7% | -16.3% |
| WTI | 2022-11-28 | [Ahead of the Open \| November 28, 2022 - Pro Farmer](https://feedsoft.ai/events/12216-ahead-of-the-open-november-28-2022-pro-farmer.md) | +4.6% | +4.2% |
| WTI | 2025-06-20 | [Diesel and Gas. The Energy Report 06/20/2025 - Market InsightsMarket Insights](https://feedsoft.ai/events/8644-diesel-and-gas-the-energy-report-06-20-2025-market-insightsmarket-insights.md) | -12.7% | -9.6% |
| WTI | 2026-03-10 | [Oil falls after Energy secretary wrongly claims tanker escort](https://feedsoft.ai/events/9388-oil-falls-after-energy-secretary-wrongly-claims-tanker-escort.md) | -1.3% | +20.4% |
| BRENT | 2021-11-01 | [Market Summary: November 7, 2021 \| news.cqg.com](https://feedsoft.ai/events/44222-market-summary-november-7-2021-news-cqg-com.md) | -1.4% | -13.4% |
| BRENT | 2025-06-20 | [Diesel and Gas. The Energy Report 06/20/2025 - Market InsightsMarket Insights](https://feedsoft.ai/events/8644-diesel-and-gas-the-energy-report-06-20-2025-market-insightsmarket-insights.md) | -13.2% | -10.3% |
| BRENT | 2026-03-10 | [Oil falls after Energy secretary wrongly claims tanker escort](https://feedsoft.ai/events/9388-oil-falls-after-energy-secretary-wrongly-claims-tanker-escort.md) | +4.1% | +27.2% |

## Sources

- gasbuddy.com: https://www.gasbuddy.com/go/energy-view-november-21-2018

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