The EIA reports that Brent averaged $64 a barrel in 2019 and WTI averaged $57, both $7 lower than in 2018. The 2019 Brent range of about $20 was the narrowest since 2003, and rising U.S. production limited price gains.
A narrow trading range and rising U.S. output indicate that crude has offered limited upside, which keeps energy input costs for feed relatively stable.
After 56 past neutral report events, Crude Oil (WTI) moved a median +0.0% over 5 sessions (50% higher; middle half -2.7% to +2.5%), and +0.8% over 20.
After 41 past neutral report events, Crude Oil (Brent) moved a median -1.4% over 5 sessions (41% higher; middle half -4.0% to +1.9%), and +1.8% 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.