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Oil prices fell more than 10% as a new coronavirus strain raised fears of renewed lockdowns and a slower demand recovery. WTI dropped below $70 a barrel and Brent slid below $75.
The sell-off came days after a coordinated release of strategic crude stocks by major consumers.
Concern that lockdowns will slow fuel demand, alongside OPEC+ deciding whether to add supply, points to lower crude prices.
aljazeera.comJulia Fanzeres, Bloomberg2021年11月26日在过去 32 次看跌的疫病事件之后，原油(WTI) 在 5 个交易日内中位数变动 -5.2%（13% 上涨；中间一半区间为 -15.0% 至 -2.4%），20 个交易日内为 -5.7%。
在过去 26 次看跌的疫病事件之后，原油(Brent) 在 5 个交易日内中位数变动 -6.0%（15% 上涨；中间一半区间为 -13.3% 至 -2.0%），20 个交易日内为 -6.8%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
Attributes the over-10% drop to fears of renewed lockdowns and a slower demand recovery, with the earlier reserve release adding to the bearish backdrop.
Fears of renewed lockdowns and slower demand recovery sent Brent below $75, coinciding with the strategic reserve releases adding supply.
Fears of renewed lockdowns and slower demand recovery, on top of reserve releases, drove the crash.
