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Energy futures slipped slightly on Wednesday after a four-day rally that added about 20 cents to ULSD and almost $6 a barrel to WTI. OPEC cut its global growth forecast, lowering the US outlook but raising Europe's, while holding its oil demand estimate steady and reporting lower April output.
OPEC's steady demand view and lower output support crude prices, while the lower US growth outlook is a modest bearish factor for energy demand.
tacenergy.comMay 14, 2025After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% over 20.
After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% 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.
