Highlights European lockdowns threaten demand outlooks ICE Brent falls below $80/b US dollar pushes to 16-month high Crude oil futures moved sharply lower Nov. 19 as the market weighed the impacts of new pandemic lockdowns in Europe and a stronger US dollar. NYMEX December WTI settled down $2.91 at $76.10/b and ICE January Brent moved $2.35 lower to settle at $78.89/b. Oil demand markers in most major European economies continued to fall in the week to Nov. 15, as governments react to rising COVID-19 cases in most countries while supply chain disruptions continue to drag on activity. Austria on Nov. 19 announced it would implement a nationwide lockdown beginning Nov. 22. The move comes amid fast rising case numbers across much of western Europe and could herald a wider return of lockdowns that could further […]