# U.S. oil just tumbled below $100 a barrel — What that says about recession fears and tight crude supplies - MarketWatch

> WTI crude settled below $100 a barrel on Tuesday, down 8.2%, its lowest level since April. The decline was attributed to recession concerns and a drop in expected energy demand.

- Date: 2022-07-05 · published 2022-07-05T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/12615-u-s-oil-just-tumbled-below-100-a-barrel-what-that-says-about-recession-fears
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Expectations of weaker energy demand push down crude and diesel costs, lowering feed transport and processing expenses while signaling softer commodity demand.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WTI | 2022-07-05 | 1 | -5.7% | -3.3 | WTI fell below $100 on July 5 on recession concerns and lower expected energy demand. |
| DIESEL | 2022-07-06 | 5 | -17.6% | -3.2 | WTI falling below $100 on recession worries confirms the crude-led demand-destruction sentiment pulling diesel futures down. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-07-05 | [Oil tumbles as much as 10%, breaks below $100 as recession fears mount](https://feedsoft.ai/events/11251-oil-tumbles-as-much-as-10-breaks-below-100-as-recession-fears-mount.md) | -3.9% | -12.8% |
| WTI | 2020-03-17 | [Brent crude sinks below $30 a barrel as recession fears weigh](https://feedsoft.ai/events/7658-brent-crude-sinks-below-30-a-barrel-as-recession-fears-weigh.md) | -19.2% | -30.3% |
| WTI | 2018-12-24 | [Plunging oil prices show the market is worried about 2019 recession](https://feedsoft.ai/events/8701-plunging-oil-prices-show-the-market-is-worried-about-2019-recession.md) | -0.5% | +15.7% |
| WTI | 2022-07-05 | [Oil tumbles 9% on recession demand destruction fears](https://feedsoft.ai/events/12612-oil-tumbles-9-on-recession-demand-destruction-fears.md) | -3.9% | -12.8% |
| WTI | 2018-12-24 | [US crude falls below $43 a barrel as stock market sinks](https://feedsoft.ai/events/8703-us-crude-falls-below-43-a-barrel-as-stock-market-sinks.md) | -0.5% | +15.7% |
| DIESEL | 2022-07-05 | [Oil tumbles as much as 10%, breaks below $100 as recession fears mount](https://feedsoft.ai/events/11251-oil-tumbles-as-much-as-10-breaks-below-100-as-recession-fears-mount.md) | -4.4% | -12.7% |
| DIESEL | 2022-07-05 | [Oil tumbles 9% on recession demand destruction fears](https://feedsoft.ai/events/12612-oil-tumbles-9-on-recession-demand-destruction-fears.md) | -4.4% | -12.7% |
| DIESEL | 2022-07-12 | [Oil falls 8% as global recession fears spook market \| Oil and Gas News \| Al Jazeera](https://feedsoft.ai/events/40647-oil-falls-8-as-global-recession-fears-spook-market-oil-and-gas-news-al-jazeera.md) | -3.2% | -16.5% |

## Sources

- marketwatch.com: https://www.marketwatch.com/story/recession-worries-pull-u-s-oil-prices-below-100-but-bleak-supply-picture-suggests-a-bargain-11657048853

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