# Oil falls as geopolitical anxiety 'comes racing out of the market'

> US WTI crude fell 3% to $63.01 on April 2 as geopolitical risk premiums from the prior week's rally faded during thin Easter-holiday trading. Rising Russian output and the US-China trade dispute also weighed, while Brent was down 2.3% near $67.75.

- Date: 2018-04-02 · published 2018-04-02T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10847-oil-falls-as-geopolitical-anxiety-comes-racing-out-of-the-market
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Fading geopolitical risk and rising supply from Russia reduce the energy price premium, lowering input costs for biofuel and feed-related processing while adding bearish pressure to crude.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2018-04-04 | 1 | -4.3% | -3.3 | Fading geopolitical risk premium in thin Easter trading, along with rising Russian output and trade worries, drove Brent lower on April 2, adding to the slide. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-02-02 | [NYMEX Overview: Futures Move Lower as Geopolitical Tensions Cool -- OPIS](https://feedsoft.ai/events/5921-nymex-overview-futures-move-lower-as-geopolitical-tensions-cool-opis.md) | -1.6% | +9.9% |
| WTI | 2025-11-21 | [Market Talk \| Diesel Futures Slide For Third Day Amid Geopolitical Tensions And Refinery Setbacks](https://feedsoft.ai/events/9310-market-talk-diesel-futures-slide-for-third-day-amid-geopolitical-tensions-and.md) | -2.0% | -5.0% |
| WTI | 2024-10-28 | [Prompt Month Natural Gas Futures Sink 10% as Geopolitical Risks ‘Evaporate’ — MidDay Market Snapshot](https://feedsoft.ai/events/11712-prompt-month-natural-gas-futures-sink-10-as-geopolitical-risks-evaporate-midday.md) | -3.1% | -0.6% |
| WTI | 2019-04-24 | [Oil falls as supply still adequate despite Iran sanctions, but market tightening - CNBC TV18](https://feedsoft.ai/events/8100-oil-falls-as-supply-still-adequate-despite-iran-sanctions-but-market-tightening.md) | -3.6% | -4.9% |
| WTI | 2026-03-09 | [Oil Futures Fall As Market Looks for Shorter War - WSJ](https://feedsoft.ai/events/6631-oil-futures-fall-as-market-looks-for-shorter-war-wsj.md) | +8.5% | +25.0% |
| BRENT | 2026-02-02 | [NYMEX Overview: Futures Move Lower as Geopolitical Tensions Cool -- OPIS](https://feedsoft.ai/events/5921-nymex-overview-futures-move-lower-as-geopolitical-tensions-cool-opis.md) | -3.1% | +0.6% |
| BRENT | 2025-11-21 | [Market Talk \| Diesel Futures Slide For Third Day Amid Geopolitical Tensions And Refinery Setbacks](https://feedsoft.ai/events/9310-market-talk-diesel-futures-slide-for-third-day-amid-geopolitical-tensions-and.md) | +0.2% | -5.1% |
| BRENT | 2019-04-24 | [Oil falls as supply still adequate despite Iran sanctions, but market tightening - CNBC TV18](https://feedsoft.ai/events/8100-oil-falls-as-supply-still-adequate-despite-iran-sanctions-but-market-tightening.md) | -2.6% | -2.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/04/01/oil-markets-lower-us-drilling-activity-in-focus-liquidity-to-be-low-on-easter.html

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