# Market Talk | Energy Futures Down 17-23% in Early Morning Trading

> Petroleum futures fell 17-23% in early trading, with May RBOB, ULSD and WTI hitting their lowest levels since 2021. Fed rate-cut odds for May rose from 10% to 51%, while equities and the dollar sold off.

- Date: 2025-04-09 · published 2025-04-09T12:00:00.000Z
- Category: macro · region Global · magnitude high
- Page: https://feedsoft.ai/events/12526-market-talk-energy-futures-down-17-23-in-early-morning-trading
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Sharp energy sell-offs and rising rate-cut expectations point to weaker energy and macro conditions for feed costs. Lower wholesale fuel prices also reduce freight and processing expenses.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-08-01 | [Markets show disappointment in Fed position on future cuts - Mansfield Energy](https://feedsoft.ai/events/11290-markets-show-disappointment-in-fed-position-on-future-cuts-mansfield-energy.md) | -12.7% | -4.7% |
| WTI | 2020-10-01 | [OIL FUTURES: Crude hits five-month lows as European lockdowns loom – The Energy Bulletin Daily](https://feedsoft.ai/events/50805-oil-futures-crude-hits-five-month-lows-as-european-lockdowns-loom-the-energy.md) | -0.6% | -7.0% |
| 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 | 2020-03-29 | [Oil Crashes to 18-Year Low With Broken Market Drowning in Crude - Bloomberg](https://feedsoft.ai/events/5324-oil-crashes-to-18-year-low-with-broken-market-drowning-in-crude-bloomberg.md) | +64.1% | -28.3% |
| 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% |
| DIESEL | 2019-08-01 | [Markets show disappointment in Fed position on future cuts - Mansfield Energy](https://feedsoft.ai/events/11290-markets-show-disappointment-in-fed-position-on-future-cuts-mansfield-energy.md) | -10.0% | -5.3% |
| 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% |
| DIESEL | 2018-12-22 | [The FreightWaves oil report: a tumbling market pushes prices down to levels of mid-2017 - FreightWaves](https://feedsoft.ai/events/61736-the-freightwaves-oil-report-a-tumbling-market-pushes-prices-down-to-levels-of.md) | -3.5% | +8.7% |

## Sources

- tacenergy.com: https://www.tacenergy.com/news-and-views/market-talk/energy-futures-down-17-23-in-early-morning-trading

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