# Markets show disappointment in Fed position on future cuts - Mansfield Energy

> WTI traded near $57.65 on August 1, down 93 cents, after Fed Chairman Powell signaled that further rate cuts were not assured following the 25-basis-point cut. Equities fell sharply. An 8.5 million barrel EIA crude stock draw helped limit losses, and a Libyan Sharara field shutdown of about 300,000 bbl/day was seen as likely temporary.

- Date: 2019-08-01 · published 2019-08-01T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/11290-markets-show-disappointment-in-fed-position-on-future-cuts-mansfield-energy
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Reduced expectations for monetary easing weaken commodity demand sentiment and the dollar outlook, pressuring crude and fuel prices that feed into feed freight and processing costs.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2019-08-07 | 5 | -10.0% | -3.0 | Powell's signal that further cuts were not assured on Aug 1 hit equities and crude, adding to the downward pressure on energy prices, partly offset by an inventory draw. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-06-05 | [The Fed is ready to cut rates as needed - Mansfield Energy](https://feedsoft.ai/events/10751-the-fed-is-ready-to-cut-rates-as-needed-mansfield-energy.md) | -0.4% | +4.8% |
| WTI | 2020-03-27 | [Oil price crash: a glimpse into the future for global energy markets? Q&A with Pierre Noel](https://feedsoft.ai/events/7880-oil-price-crash-a-glimpse-into-the-future-for-global-energy-markets-q-and-a.md) | +37.1% | -32.8% |
| WTI | 2025-04-09 | [Market Talk \| Energy Futures Down 17-23% in Early Morning Trading](https://feedsoft.ai/events/12526-market-talk-energy-futures-down-17-23-in-early-morning-trading.md) | +2.9% | -1.5% |
| WTI | 2020-03-20 | [How COVID-19 impacted grain, energy markets this week](https://feedsoft.ai/events/7427-how-covid-19-impacted-grain-energy-markets-this-week.md) | -26.8% | -27.2% |
| WTI | 2020-03-09 | [The Sprout: Agriculture futures slip as stock market falls in reaction to oil price drop - iPolitics](https://feedsoft.ai/events/11276-the-sprout-agriculture-futures-slip-as-stock-market-falls-in-reaction-to-oil.md) | -23.0% | -31.2% |
| DIESEL | 2019-06-05 | [The Fed is ready to cut rates as needed - Mansfield Energy](https://feedsoft.ai/events/10751-the-fed-is-ready-to-cut-rates-as-needed-mansfield-energy.md) | -0.2% | +3.7% |
| DIESEL | 2025-04-09 | [Market Talk \| Energy Futures Down 17-23% in Early Morning Trading](https://feedsoft.ai/events/12526-market-talk-energy-futures-down-17-23-in-early-morning-trading.md) | +2.1% | -3.3% |
| DIESEL | 2020-03-20 | [How COVID-19 impacted grain, energy markets this week](https://feedsoft.ai/events/7427-how-covid-19-impacted-grain-energy-markets-this-week.md) | +1.3% | -8.1% |

## Sources

- mansfield.energy: https://mansfield.energy/2019/08/01/markets-show-disappointment-in-fed-position-on-future-cuts/

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