# Oil Notches Weekly Loss on Tariff Risk, Fed’s Slower Easing Path

> Crude posted a weekly loss as investors weighed the Federal Reserve's slower pace of rate cuts and President-elect Trump's threatened tariffs. Brent settled near $73, down 2.1% for the week.

- Date: 2024-12-19 · published 2024-12-19T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/27127-oil-notches-weekly-loss-on-tariff-risk-fed-s-slower-easing-path
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Tariff threats raise trade-related uncertainty for grain and oilseed flows, while a slower Fed easing path supports the dollar and weighs on commodity values.

## Read by commodity

- DXY: bullish ▲
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-07-08 | [Oil rises 2% but posts weekly loss on recession fears](https://feedsoft.ai/events/12617-oil-rises-2-but-posts-weekly-loss-on-recession-fears.md) | -5.1% | -11.8% |
| BRENT | 2023-03-17 | [Oil prices settle down, post big weekly losses on bank fears \| Reuters](https://feedsoft.ai/events/37045-oil-prices-settle-down-post-big-weekly-losses-on-bank-fears-reuters.md) | +1.6% | +17.5% |
| BRENT | 2020-09-04 | [Oil drops nearly 4% to end the week lower, snapping four-week win streak](https://feedsoft.ai/events/7474-oil-drops-nearly-4-to-end-the-week-lower-snapping-four-week-win-streak.md) | -8.6% | -7.0% |
| BRENT | 2018-12-20 | [Oil demand flashes red, sending crude prices even lower](https://feedsoft.ai/events/11080-oil-demand-flashes-red-sending-crude-prices-even-lower.md) | -8.1% | +10.6% |
| BRENT | 2022-07-06 | [Oil slides 2% to 12-week low on fears of global recession](https://feedsoft.ai/events/12613-oil-slides-2-to-12-week-low-on-fears-of-global-recession.md) | -3.2% | -2.9% |
| DXY | 2023-10-02 | [Oil tumbles 2% to 3-week low on strong dollar, profit taking](https://feedsoft.ai/events/7365-oil-tumbles-2-to-3-week-low-on-strong-dollar-profit-taking.md) | +0.9% | +0.9% |
| DXY | 2020-09-22 | [Dollar rises after Fed's Evans comments on quantitative easing](https://feedsoft.ai/events/7696-dollar-rises-after-fed-s-evans-comments-on-quantitative-easing.md) | +1.1% | -1.0% |
| DXY | 2016-11-25 | [Fragile Asian currencies set for weekly losses on rising dollar, US yields - Malaysia Today](https://feedsoft.ai/events/74106-fragile-asian-currencies-set-for-weekly-losses-on-rising-dollar-us-yields.md) | -0.3% | +0.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-12-19/latest-oil-market-news-and-analysis-for-december-20

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