# Latest Oil Prices, Market News and Analysis for April 1 - Bloomberg

> West Texas Intermediate settled at $83.71, its highest close since late October. Mexico's state oil company Pemex plans to halt some crude exports over the next few months.

- Date: 2024-03-31 · published 2024-03-31T12:00:00.000Z
- Category: trade · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/31367-latest-oil-prices-market-news-and-analysis-for-april-1-bloomberg
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A cut in Mexican crude exports reduces global supply and supports crude prices, which feeds into diesel and fertilizer costs.

## Read by commodity

- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-02-03 | [Market Talk \| Volatility Returns: Fuel Prices Climb As Natural Gas Retreats And Global Tensions Rise](https://feedsoft.ai/events/5926-market-talk-volatility-returns-fuel-prices-climb-as-natural-gas-retreats-and.md) | +4.4% | +20.6% |
| WTI | 2025-07-31 | [Asia steps up US WTI oil imports as Middle East prices rise, sources say \| MarketScreener](https://feedsoft.ai/events/23933-asia-steps-up-us-wti-oil-imports-as-middle-east-prices-rise-sources-say.md) | -8.0% | -9.0% |
| WTI | 2019-01-04 | [Oil prices rise on US-China trade talks and OPEC cuts](https://feedsoft.ai/events/10834-oil-prices-rise-on-us-china-trade-talks-and-opec-cuts.md) | +11.7% | +14.6% |
| WTI | 2025-05-09 | [Market Talk \| Trade Optimism While Energy Prices Continue To Rally](https://feedsoft.ai/events/12546-market-talk-trade-optimism-while-energy-prices-continue-to-rally.md) | +2.9% | +7.0% |
| WTI | 2019-06-18 | [Oil rallies as progress toward a trade deal eases demand worries - MarketWatch](https://feedsoft.ai/events/58757-oil-rallies-as-progress-toward-a-trade-deal-eases-demand-worries-marketwatch.md) | +11.3% | +10.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-03-31/latest-oil-market-news-and-analysis-for-april-1

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