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Brent and WTI rose more than 4% for the week on US-China trade easing and expectations of talks, with Trump signalling flexibility on tariffs. The US sanctioned a third Chinese refinery and three port terminal operators over Iranian crude, and the UK announced a large sanctions package against Russia's shadow fleet.
Easing trade tensions and sanctions on Russian and Iranian supply support crude prices, which lift diesel and fuel costs for feed producers.
mansfield.energySydney CaseyMay 9, 2025After 16 past bullish trade events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (81% higher; middle half +0.5% to +4.8%), and +5.9% over 20.
After 36 past bullish trade events, Crude Oil (WTI) moved a median +1.6% over 5 sessions (69% higher; middle half -2.0% to +4.5%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
