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Oil slipped on January 27 after Trump urged OPEC to reduce prices and announced measures to expand US oil and gas output. Brent and WTI each fell about 0.8%, to roughly $77.90 and $74.01.
Political pressure for lower crude and expanded US supply weighs on energy costs for feed production. Price direction depends on whether OPEC responds.
db.forbesmiddleeast.comJulian Nabil, James Emmanuel, Samra Ahmed, Joyce AbañoJan 26, 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 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.
