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OPEC's monthly report cut its 2025 and 2026 world oil demand growth forecasts by 150,000 bpd each, to 1.30 million bpd and 1.28 million bpd. The group attributed the downgrade to US tariffs.
Brent traded near $66 after the release.
A weaker demand outlook points to softer crude and fuel prices, which lowers energy costs for the feed supply chain. It also reinforces bearish sentiment in energy-linked commodities.
reuters.comAlex LawlerApr 14, 2025After 129 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (45% higher; middle half -3.9% to +2.5%), and +0.4% over 20.
After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% 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.
