Demand Slump Confirmed

its chance, of the story’s futures

−0.5%on the S&P 500, if it happens

Vitol’s warning is validated by official data from the IEA, EIA and OPEC showing a sharper-than-expected contraction in transport and petrochemical fuel use. China’s EV penetration, weaker industrial activity and war-related demand destruction keep crude demand falling into year-end.

What it moves

Energy−1.8%
Non-Energy Materials−0.9%
Market volatility▲ up
Oil prices▼ down

Sectors in percent; other series by direction only.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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