Crude, refined product futures slide amid European lockdowns, stronger US dollar

摘要

Crude oil futures moved sharply lower Nov. 19 as the market weighed theimpacts of new pandemic lockdowns in Europe and a stronger US dollar.NYMEX December WTI settled down $2.91 at $76.10/b and ICEJanuary Brent moved $2.35 lower to settle at $78.89/b.Oil demand markers in most major European economies continuedto fall in the week to Nov. 15, as governments react to rising COVID-19cases in most countries while supply chain disruptions continue todrag on activity.