# A slippery trade: oil slump proves bears right

> Brent crude dropped to about $60 a barrel from a early October peak of $85, reaching a one-year low. The decline followed growing worries about a global trade war and rising U.S. shale oil production.

- Date: 2018-11-23 · published 2018-11-23T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10784-a-slippery-trade-oil-slump-proves-bears-right
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Trade war fears that weaken global demand also threaten agricultural export flows, which can pressure grain and oilseed prices. Lower crude reduces biofuel-linked support for vegetable oils and corn.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2018-11-23 | 5 | -11.6% | -3.3 | Brent dropped to about $60 on trade war worries and rising US shale output, matching the window's low. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-05-31 | [Oil Prices Slide on Trade Tensions and China Fears](https://feedsoft.ai/events/9884-oil-prices-slide-on-trade-tensions-and-china-fears.md) | -8.8% | -2.2% |
| BRENT | 2019-08-05 | [Oil Slumps Into Bear Market as Trade Tensions Feed Demand Angst - Bloomberg](https://feedsoft.ai/events/10827-oil-slumps-into-bear-market-as-trade-tensions-feed-demand-angst-bloomberg.md) | -5.8% | -1.3% |
| BRENT | 2025-04-06 | [Oil prices slide 2% to near 4-year low as US trade conflict fuels recession fears \| Reuters](https://feedsoft.ai/events/6318-oil-prices-slide-2-to-near-4-year-low-as-us-trade-conflict-fuels-recession.md) | -1.7% | -9.0% |
| BRENT | 2019-06-03 | [Oil falls as trade fears offset expectations for prolonged supply cuts](https://feedsoft.ai/events/11308-oil-falls-as-trade-fears-offset-expectations-for-prolonged-supply-cuts.md) | -2.9% | +2.1% |
| BRENT | 2019-05-24 | [Trade War Slams Crude Oil, Stocks and Bond Yields](https://feedsoft.ai/events/6609-trade-war-slams-crude-oil-stocks-and-bond-yields.md) | -3.6% | -3.6% |
| WTI | 2019-05-31 | [Oil Prices Slide on Trade Tensions and China Fears](https://feedsoft.ai/events/9884-oil-prices-slide-on-trade-tensions-and-china-fears.md) | -6.9% | +4.9% |
| WTI | 2019-08-05 | [Oil Slumps Into Bear Market as Trade Tensions Feed Demand Angst - Bloomberg](https://feedsoft.ai/events/10827-oil-slumps-into-bear-market-as-trade-tensions-feed-demand-angst-bloomberg.md) | -2.2% | -1.1% |
| WTI | 2025-04-06 | [Oil prices slide 2% to near 4-year low as US trade conflict fuels recession fears \| Reuters](https://feedsoft.ai/events/6318-oil-prices-slide-2-to-near-4-year-low-as-us-trade-conflict-fuels-recession.md) | -0.8% | -6.8% |

## Sources

- reuters.com: https://www.reuters.com/article/us-markets-oilmajors-bears-graphic/a-slippery-trade-oil-slump-proves-bears-right-idUSKCN1NS1IU/?feedName=businessNews&feedType=RSS

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