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Oil prices have fallen nearly 25% since January, with WTI dropping from about $80 in mid-January to just under $60. Tariff uncertainty and OPEC supply additions are weighing on prices, and US producers reportedly cannot profitably drill new wells at current levels.
Lower crude reduces diesel and fuel costs for feed transport and eases broader input inflation, though tariff uncertainty adds demand risk.
npr.orgCamila DomonoskeMay 6, 2025After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 79 past bearish macro events, ULSD / Diesel moved a median -1.0% over 5 sessions (39% higher; middle half -5.7% to +1.7%), and -1.5% 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.
