Oil falls 3% as trade war concerns hit demand outlook

After 56 past bearish trade events, Crude Oil (Brent) moved a median -5.6% over 5 sessions (20% higher; middle half -9.0% to -1.7%), and -4.5% over 20.

• Jun 3, 2019Oil falls as trade worries mount, Saudi comments limit losses-2.9%
• Aug 5, 2019Oil Slumps Into Bear Market as Trade Tensions Feed Demand Angst - Bloomberg-5.8%
• May 29, 2019Oil prices drop as trade war worries outweigh supply disruptions-10.5%
• May 24, 2019Trade War Slams Crude Oil, Stocks and Bond Yields-3.6%
• May 23, 2019Oil gets clobbered as trade war fears mount | CNN Business-4.6%

After 80 past bearish trade events, Crude Oil (WTI) moved a median -2.2% over 5 sessions (30% higher; middle half -6.9% to +0.8%), and -1.5% over 20.

• Jun 3, 2019Oil falls as trade worries mount, Saudi comments limit losses+0.9%
• Aug 5, 2019Oil Slumps Into Bear Market as Trade Tensions Feed Demand Angst - Bloomberg-2.2%
• Aug 25, 2019Oil Markets Hit Hard By Trade War Escalation | OilPrice.com+1.8%
• May 29, 2019Oil prices drop as trade war worries outweigh supply disruptions-9.3%
• May 24, 2019Trade War Slams Crude Oil, Stocks and Bond Yields-2.1%

After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% over 20.

• Apr 30, 2025CBOT soybeans hit two-week low on US-China trade war concerns-1.6%
• Jun 3, 2019Oil falls as trade worries mount, Saudi comments limit losses-0.8%
• Jul 20, 2018Trump Trade War Poses Problems for Oilseed and Vegetable Oils - Olive Oil Times+1.1%
• May 22, 2019Trade War Adds to Headaches Faced by Palm Oil Industry - Caixin Global+2.2%
• Jan 31, 2022Soybeans up on export demand, supply concerns - Brownfield Ag News+2.2%