# Fuels Market Watch Weekly, June 7th Edition - Crude, Gas, Diesel Forward Prices

> Oil prices fell below $51 a barrel for the first time in nearly six months during the week ending June 7. Losses reflected trade war fears with China, threatened US tariffs on Mexican goods, and a huge rise in US crude inventories. A weak US jobs report added pressure, while the Fed signaled possible rate cuts.

- Date: 2019-06-07 · published 2019-06-07T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10750-fuels-market-watch-weekly-june-7th-edition-crude-gas-diesel-forward-prices
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Trade-driven demand fears push energy and diesel prices lower, which eases input costs for feed production and transport. Continued US-Mexico tariff risk could keep prices volatile.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-04-03 | [MARKET WATCH: NYMEX, Brent crude prices drop on US-China trade tensions \| Oil & Gas Journal](https://feedsoft.ai/events/10844-market-watch-nymex-brent-crude-prices-drop-on-us-china-trade-tensions-oil-and.md) | +0.6% | +8.8% |
| WTI | 2019-08-02 | [MARKET WATCH: NYMEX oil prices tumble on US-China relations \| Oil & Gas Journal](https://feedsoft.ai/events/8498-market-watch-nymex-oil-prices-tumble-on-us-china-relations-oil-and-gas-journal.md) | -2.2% | +5.5% |
| WTI | 2019-05-24 | [MARKET WATCH: Oil prices tumble after US-China news \| Oil & Gas Journal](https://feedsoft.ai/events/9796-market-watch-oil-prices-tumble-after-us-china-news-oil-and-gas-journal.md) | -2.1% | -1.6% |
| WTI | 2019-08-25 | [Oil Markets Hit Hard By Trade War Escalation \| OilPrice.com](https://feedsoft.ai/events/57749-oil-markets-hit-hard-by-trade-war-escalation-oilprice-com.md) | +1.8% | +7.1% |
| WTI | 2025-04-03 | [Palm opens lower on weaker rival oils, crude oil prices](https://feedsoft.ai/events/9626-palm-opens-lower-on-weaker-rival-oils-crude-oil-prices.md) | -13.1% | -16.5% |
| DIESEL | 2022-09-14 | [Diesel margins tank as market weighs possible China exports \| Air Freight News](https://feedsoft.ai/events/39779-diesel-margins-tank-as-market-weighs-possible-china-exports-air-freight-news.md) | -5.5% | +15.1% |
| DIESEL | 2022-05-14 | [Latin American diesel markets ease as sources other than US Gulf Coast emerge – The Energy Bulletin Daily](https://feedsoft.ai/events/11774-latin-american-diesel-markets-ease-as-sources-other-than-us-gulf-coast-emerge.md) | -15.4% | -5.7% |
| DIESEL | 2025-04-10 | [Brazil’s Diesel Market Shifts Amid Trump Tariffs, Petrobras Cuts - EnergiesNet](https://feedsoft.ai/events/12528-brazil-s-diesel-market-shifts-amid-trump-tariffs-petrobras-cuts-energiesnet.md) | +0.2% | -3.3% |

## Sources

- fuelsmarketnews.com: https://fuelsmarketnews.com/fuels-market-watch-weekly-for-6-7-2019-2/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.