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Oil ended slightly lower on April 4 as trade battle fears between the US and China weighed on prices, though an unexpected drop in US crude inventories trimmed losses. WTI settled at $63.37 and Brent at $68.02, and refiners ran at 93% of capacity.
Trade-war fears dampen energy demand expectations and US export outlook, while the larger-than-expected inventory draw points to firm refinery runs that support near-term crude demand.
marketwatch.comWilliam Watts, Christopher AlessiApr 4, 2018After 12 past neutral trade events, WTI moved a median -2.2% over 5 sessions (33% higher; middle half -3.6% to +0.9%), and +1.2% over 20.
After 12 past neutral trade events, BRENT moved a median +2.3% over 5 sessions (75% higher; middle half +0.2% to +4.6%), and +4.7% over 20.
After 65 past trade events, DIESEL moved a median -1.2% over 5 sessions (43% higher; middle half -5.2% to +2.6%), and -1.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
