# Oil Slumps Into Bear Market as Trade Tensions Feed Demand Angst - Bloomberg

> Brent crude slid into bear-market territory, down more than 20% from its late-April peak, after ending Monday down 1.5%. The decline was driven by the U.S.-China trade dispute, which investors feared could expand into a currency war and damage crude demand.

- Date: 2019-08-05 · published 2019-08-05T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10827-oil-slumps-into-bear-market-as-trade-tensions-feed-demand-angst-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A bear market signals sustained demand destruction fears from the trade dispute, pressuring crude and energy-linked feedstock prices, while a currency war could also shift grain and oilseed trade flows.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- BRENT: bearish ▼
- USDCNY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2019-08-07 | 5 | -14.1% | -3.3 | Brent entered a bear market on Aug 5 as trade and currency-war fears fed demand worries. |

## 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 falls 3% as trade war concerns hit demand outlook](https://feedsoft.ai/events/10826-oil-falls-3-as-trade-war-concerns-hit-demand-outlook.md) | -5.8% | -1.3% |
| BRENT | 2019-08-05 | [Oil resumes steep drop as U.S.-China trade row raises demand worries - MarketWatch](https://feedsoft.ai/events/12578-oil-resumes-steep-drop-as-u-s-china-trade-row-raises-demand-worries-marketwatch.md) | -5.8% | -1.3% |
| BRENT | 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) | +0.1% | +10.6% |
| BRENT | 2018-11-23 | [A slippery trade: oil slump proves bears right](https://feedsoft.ai/events/10784-a-slippery-trade-oil-slump-proves-bears-right.md) | -5.4% | -14.0% |
| 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 | 2018-04-02 | [Canadian dollar dips as stocks and oil tumble on rising trade tensions - The Globe and Mail](https://feedsoft.ai/events/65746-canadian-dollar-dips-as-stocks-and-oil-tumble-on-rising-trade-tensions-the.md) | -4.4% | +5.0% |
| WTI | 2019-08-05 | [Oil falls 3% as trade war concerns hit demand outlook](https://feedsoft.ai/events/10826-oil-falls-3-as-trade-war-concerns-hit-demand-outlook.md) | -2.2% | -1.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-08-05/oil-holds-losses-as-u-s-china-relations-deteriorate-further

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