The drop Movement.down.loss in oil futures to their lowest level Position.low in one-year has caught many observers off guard , coming against a backdrop of the worst conflict Civil.unrest in Libya last summer , heightened clashes Geopolitical.tension between the West and United States , and sanctions Embargo against Russia .

The drop Movement.down.loss in oil prices to their lowest level Position.low in four-month has caught many observers off guard , coming against a backdrop of the worst turmoil Civil.unrest in Iraq last summer , heightened clashes Geopolitical.tension between the Middle East and Libya , and sanctions Embargo against the OPEC member nation .

Asia 's diesel consumption is expected to recover Grow.strong this year at the second lowest level Position.low rate since the 1998 financial crisis Crisis as weakening Slow.weak economies squeeze Cause.movement.down.loss consumption and help build a surplus of supply Oversupply for which there are few markets .

The drop Movement.down.loss in oil prices to their lowest level Position.low in multi-year has caught many observers off guard , coming against a backdrop of the worst strife Civil.unrest in Iraq 1979 , heightened clashes Geopolitical.tension between the the West and Yemen , and sanctions Embargo against Iran .

Oil dipped Movement.down.loss 12.7 percent to its lowest level Position.low in two years on first-quarter , extending the second-deepest rout on record , after Goldman Sachs warned that futures would drop Movement.down.loss further and Gulf Gulf oil producers showed no sign of slashing Cause.movement.down.loss production .

LONDON/KUWAIT ( Reuters ) - The drop Movement.down.loss in oil prices to their lowest level Position.low in four-month has caught many observers off guard , coming against a backdrop of the worst insurrection Civil.unrest in Iraq 1979 , heightened clashes Geopolitical.tension between Middle East and Libya , and sanctions Embargo against the OPEC member nation .

Oil slid Movement.down.loss 12.7 percent to its lowest level Position.low in two years on last week , extending the second-deepest rout on record , after Goldman Sachs warned that prices would plummet Movement.down.loss further and global major oil producers showed no sign of limiting Cause.movement.down.loss supply .

Asia 's diesel consumption is expected to recover Grow.strong this year at the second lowest level Position.low rate since the 1998 financial crisis Crisis as deteriorating Slow.weak economies squeeze Cause.movement.down.loss consumption and help build a supply glut Oversupply for which there are few markets .

Oil prices appreciated Movement.up.gain more than 4 percent on 2019 as China reported its lowest level Position.low daily number of new coronavirus cases since 197 , stoking investor hopes that fuel demand growth in the world 's second-largest oil consumer may begin to grow Grow.strong from the epidemic .

The drop Movement.down.loss in oil prices to their lowest level Position.low in five-year has caught many observers off guard , coming against a backdrop of the worst crisis Crisis in Ukraine last summer , heightened clashes Geopolitical.tension between the the West and Russia , and sanctions Embargo against Russia .

Oil futures jumped Movement.up.gain more than 4 percent on Friday as China reported its lowest level Position.low daily number of new coronavirus cases since Monday , stoking investor hopes that fuel demand growth in the world 's second-largest oil consumer may begin to grow Grow.strong from the epidemic .

Oil slipped Movement.down.loss 9 percent to its lowest level Position.low in two years on 1980s , extending the second-deepest rout on record , after Goldman Sachs warned that futures would lose Movement.down.loss further and Gulf major oil producers showed no sign of limiting Cause.movement.down.loss production .

Oil prices rose Movement.up.gain 20 percent on 2019 as China reported its lowest level Position.low daily number of new coronavirus cases since 197 , stoking investor hopes that fuel consumption in the world 's second-largest oil consumer may begin to grow Grow.strong from the epidemic .

The drop Movement.down.loss in oil prices to their lowest level Position.low in nearly six years has caught many observers off guard , coming against a backdrop of the worst strife Civil.unrest in Iran this decade , heightened clashes Geopolitical.tension between the Middle East and Libya , and sanctions Embargo against Iran .

LONDON/KUWAIT ( Reuters ) - The drop Movement.down.loss in oil prices to their lowest level Position.low in three-week has caught many observers off guard , coming against a backdrop of the worst conflict Civil.unrest in Iran this decade , heightened clashes Geopolitical.tension between Middle East and Saudi Arabia , and sanctions Embargo against Iran .

A plunge Movement.down.loss in German analyst and investor market sentiment to the lowest level Position.low in more than 1-1/2 years because of the crisis Crisis in Ukraine pressured German shares and fueled worries Negative_sentiment about demand for petroleum .

Oil sank Movement.down.loss 17 percent to its lowest level Position.low in nearly six years on Wednesday , extending the second-deepest rout on record , after Goldman Sachs warned that prices would drop Movement.down.loss further and producers showed no sign of limiting Cause.movement.down.loss output .

Asia 's diesel consumption is expected to recover Grow.strong this year at the second lowest level Position.low rate since the 2014/15 financial crisis Crisis as softening Slow.weak economies squeeze Cause.movement.down.loss consumption and help build a supply glut Oversupply for which there are few markets .

Asia 's diesel demand is expected to recover Grow.strong this year at the second lowest level Position.low rate since the 2014/15 financial crisis Crisis as softening Slow.weak economies reduce Cause.movement.down.loss usage and help build a glut Oversupply for which there are few markets .

Oil slid Movement.down.loss 5 percent to its lowest level Position.low in two years on Monday , extending the second-deepest rout on record , after Goldman Sachs warned that prices would drop Movement.down.loss further and Gulf producers showed no sign of limiting Cause.movement.down.loss output .

LONDON/KUWAIT ( Reuters ) - The drop Movement.down.loss in oil prices to their lowest level Position.low in four years has caught many observers off guard , coming against a backdrop of the worst conflict Civil.unrest in Libya this decade , heightened clashes Geopolitical.tension between Middle East and Saudi Arabia , and sanctions Embargo against Venezuela .