# Markets Rebound After Thursday's Slide

> Brent and WTI closed up 2.7% on August 2 to $62.07 and $55.40, rebounding from Thursday's sharpest single-day slide in over three years. ULSD and RBOB also rose. Analysts attributed the bounce to a correction of an overdone sell-off tied to trade war fears.

- Date: 2019-08-02 · published 2019-08-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11289-markets-rebound-after-thursday-s-slide
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

The rebound suggests the prior sell-off may have overshot, so energy-driven costs for feed producers may stabilize, though mixed economic indicators leave direction uncertain.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Sources

- burkeoil.com: https://www.burkeoil.com/value-added-services/energy-market-updates/markets-rebound-after-thursdays-slide

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