# Market Report & Analysis for 7/31/2019 Morning Edition - Fuels Market News

> Nearby NYMEX WTI and ICE Brent futures rose early on July 31 on expectations the Federal Reserve would cut rates for the first time since 2008. Optimism over US-China trade talks in Shanghai also supported prices. ULSD and RBOB futures gained modestly.

- Date: 2019-07-31 · published 2019-07-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/11291-market-report-and-analysis-for-7-31-2019-morning-edition-fuels-market-news
- 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

Expected monetary easing and easing trade tensions support energy demand expectations, which can lift fuel and freight costs for feed buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-07-17 | [Weekly Energy Market Situation, July 17, 2017 - Fuels Market News](https://feedsoft.ai/events/70127-weekly-energy-market-situation-july-17-2017-fuels-market-news.md) | -1.6% | +4.9% |
| WTI | 2021-06-17 | [Weekly Energy Market Situation, June 14, 2021 - Fuels Market News](https://feedsoft.ai/events/46792-weekly-energy-market-situation-june-14-2021-fuels-market-news.md) | +1.4% | -0.6% |
| WTI | 2016-12-02 | [Farming News - Oilseed Market Report: Rise in sterling bodes ill for exporters](https://feedsoft.ai/events/73557-farming-news-oilseed-market-report-rise-in-sterling-bodes-ill-for-exporters.md) | -0.5% | +5.2% |
| WTI | 2023-10-30 | [Ingredients Market Report: November 2023 - Unicorn Ingredients](https://feedsoft.ai/events/33753-ingredients-market-report-november-2023-unicorn-ingredients.md) | -5.7% | -13.1% |
| WTI | 2017-02-01 | [Oil Rises To 3-Week High as Dollar Slips, OPEC Cuts Output \| Stock News & Stock Market Analysis - IBD](https://feedsoft.ai/events/72672-oil-rises-to-3-week-high-as-dollar-slips-opec-cuts-output-stock-news-and-stock.md) | -1.1% | +2.0% |
| BRENT | 2021-04-22 | [Fuel for Thought: Energy security concerns returning to haunt oil market](https://feedsoft.ai/events/47771-fuel-for-thought-energy-security-concerns-returning-to-haunt-oil-market.md) | +3.9% | +3.3% |
| BRENT | 2026-06-08 | [Rand Note \| Rand Forecast and Analysis](https://feedsoft.ai/events/19100-rand-note-rand-forecast-and-analysis.md) | -8.1% | -25.8% |
| BRENT | 2026-04-30 | [Rupee hits record low: Analysts flag 96-97 levels as oil, Fed stance weigh \| Markets News - Business Standard](https://feedsoft.ai/events/20009-rupee-hits-record-low-analysts-flag-96-97-levels-as-oil-fed-stance-weigh.md) | -15.3% | -21.9% |

## Sources

- fuelsmarketnews.com: https://fuelsmarketnews.com/market-report-analysis-for-7-31-2019-morning-edition-2/
- fuelsmarketnews.com: https://fuelsmarketnews.com/market-report-analysis-for-8-12019-morning-edition/

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