# Oil prices fall due to recession worries

> Oil prices fell on 1 July as fears of a global recession grew. Brent traded near $108.73 and WTI near $105.35. Expectations of aggressive Federal Reserve rate hikes weighed on demand prospects.

- Date: 2022-07-01 · published 2022-07-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/40409-oil-prices-fall-due-to-recession-worries
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower expected demand from a slowing economy pressures crude prices. Weaker energy markets can ease input costs but also signal softer economic activity.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-10-14 | [Oil prices fall more than 3% on recession worries](https://feedsoft.ai/events/39282-oil-prices-fall-more-than-3-on-recession-worries.md) | -3.8% | -3.3% |
| WTI | 2018-12-24 | [Plunging oil prices show the market is worried about 2019 recession](https://feedsoft.ai/events/8701-plunging-oil-prices-show-the-market-is-worried-about-2019-recession.md) | -0.5% | +15.7% |
| WTI | 2019-08-21 | [Weekly Pricing Pulse: Recession worries undercut commodity prices](https://feedsoft.ai/events/57752-weekly-pricing-pulse-recession-worries-undercut-commodity-prices.md) | -2.2% | +5.4% |
| WTI | 2025-04-04 | [Oil falls to near 4-year low amid recession fears, OPEC+ production hikes](https://feedsoft.ai/events/7295-oil-falls-to-near-4-year-low-amid-recession-fears-opec-production-hikes.md) | -10.2% | -12.0% |
| WTI | 2023-06-09 | [Falling commodity prices stoke fear of global recession](https://feedsoft.ai/events/6884-falling-commodity-prices-stoke-fear-of-global-recession.md) | -0.9% | +2.5% |
| BRENT | 2022-10-14 | [Oil prices fall more than 3% on recession worries](https://feedsoft.ai/events/39282-oil-prices-fall-more-than-3-on-recession-worries.md) | -3.1% | -1.0% |
| BRENT | 2018-12-24 | [Plunging oil prices show the market is worried about 2019 recession](https://feedsoft.ai/events/8701-plunging-oil-prices-show-the-market-is-worried-about-2019-recession.md) | -1.3% | +15.8% |
| BRENT | 2025-04-04 | [Oil falls to near 4-year low amid recession fears, OPEC+ production hikes](https://feedsoft.ai/events/7295-oil-falls-to-near-4-year-low-amid-recession-fears-opec-production-hikes.md) | -9.8% | -13.9% |

## Sources

- aa.com.tr: https://www.aa.com.tr/en/economy/oil-prices-fall-due-to-recession-worries/2627826

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