Highlights Lockdown in England begins Nov. 5 First COVID-19 wave sank crude prices All eyes on live traffic data, mobility restrictions Dubai — Oil demand may drop by “hundreds of thousands” of barrels per day from lockdowns called in recent days in Western Europe including Germany, France and England, Vitol’s Asia head Mike Muller said Nov. 1. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “I do think the impact in Western Europe is going to be hundreds of thousands of barrels a day but we need to decide how many hundreds of thousands,” Muller told a Gulf Intelligence webinar. As for crude prices on Nov. 2, following the weekend announcement of England’s lockdown, he said: “We’re not going to see a violent reaction downwards in price on Monday because I think the market could see this coming Wednesday, Thursday, Friday already.” Oil analysts are […]