# Weekly Energy Market Situation, Jan. 19, 2021 - Fuels Market News

> WTI spot settled at $52.36 on January 15, just below a rally high of $53.93 on January 13. EIA's January outlook raised its 2021 WTI forecast to $49.70 a barrel, nearly $4 higher than in December, and expects global demand to rise by 5.6 million barrels a day in 2021.

- Date: 2021-01-21 · published 2021-01-21T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/49329-weekly-energy-market-situation-jan-19-2021-fuels-market-news
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

An upward revised EIA crude forecast and steady demand recovery support higher energy input costs for feed production and transport.

## Read by commodity

- WTI: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-10-17 | [EIA Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/68641-eia-short-term-energy-outlook-fuels-market-news.md) | +0.1% | +9.5% |
| WTI | 2019-05-21 | [EIA Gasoline and Diesel Retail Prices Update, May 21, 2019 - Fuels Market News](https://feedsoft.ai/events/7393-eia-gasoline-and-diesel-retail-prices-update-may-21-2019-fuels-market-news.md) | -7.3% | -17.7% |
| WTI | 2025-05-14 | [Market Talk \| While Energy Futures Tick Lower Data Suggest Room For A Rise](https://feedsoft.ai/events/12550-market-talk-while-energy-futures-tick-lower-data-suggest-room-for-a-rise.md) | -1.7% | +6.3% |
| WTI | 2021-03-17 | [Oil Market Report - March 2021 - IEA](https://feedsoft.ai/events/6203-oil-market-report-march-2021-iea.md) | -10.9% | -2.6% |
| WTI | 2024-03-25 | [EIA expects WTI to average nearly $85/bl in 2Q \| Latest Market News](https://feedsoft.ai/events/31371-eia-expects-wti-to-average-nearly-85-bl-in-2q-latest-market-news.md) | +4.1% | +3.2% |
| DIESEL | 2019-11-05 | [Weekly Energy Market Situation, November 4, 2019 - Fuels Market News](https://feedsoft.ai/events/56257-weekly-energy-market-situation-november-4-2019-fuels-market-news.md) | -1.6% | -3.3% |
| DIESEL | 2020-01-16 | [EIA Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/55279-eia-short-term-energy-outlook-fuels-market-news.md) | -4.8% | -10.6% |
| DIESEL | 2018-07-10 | [EIA Gasoline and Diesel Retail Prices Update,Week Of July 10, 2018 - Fuels Market News](https://feedsoft.ai/events/7771-eia-gasoline-and-diesel-retail-prices-update-week-of-july-10-2018-fuels-market.md) | -6.3% | -2.5% |

## Sources

- fuelsmarketnews.com: https://fuelsmarketnews.com/weekly-energy-market-situation-jan-19-2021/

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