# Oil markets: OPEC, US-China trade in focus

> Brent and WTI edged higher in early trading after OPEC's secretary-general said deeper supply cuts were an option. A December OPEC+ meeting will decide, and OPEC cut its 2019 demand growth forecast.

- Date: 2019-10-11 · published 2019-10-11T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/56742-oil-markets-opec-us-china-trade-in-focus
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Possible deeper OPEC cuts support crude prices, which affect diesel and freight costs for feed buyers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-01-08 | [Oil Bounces Back to Bull Market Fueled by OPEC Cuts, Trade Talks - Bloomberg](https://feedsoft.ai/events/11165-oil-bounces-back-to-bull-market-fueled-by-opec-cuts-trade-talks-bloomberg.md) | +4.2% | +12.9% |
| WTI | 2019-01-09 | [Oil prices surge on Saudi output cuts, US-China trade talks](https://feedsoft.ai/events/11166-oil-prices-surge-on-saudi-output-cuts-us-china-trade-talks.md) | +4.5% | +8.1% |
| WTI | 2023-12-01 | [Oil Futures Lower as Market Ponders OPEC Cuts](https://feedsoft.ai/events/32494-oil-futures-lower-as-market-ponders-opec-cuts.md) | -8.8% | -5.2% |
| WTI | 2020-11-01 | [Oil Spikes After OPEC Claims ''The Worst Is Over For The Oil Market''](https://feedsoft.ai/events/50804-oil-spikes-after-opec-claims-the-worst-is-over-for-the-oil-market.md) | +3.7% | +26.8% |
| WTI | 2016-12-01 | [OPEC deal expected to tighten oil market in 2017: Kemp](https://feedsoft.ai/events/73628-opec-deal-expected-to-tighten-oil-market-in-2017-kemp.md) | +0.8% | +8.8% |
| BRENT | 2019-01-08 | [Oil Bounces Back to Bull Market Fueled by OPEC Cuts, Trade Talks - Bloomberg](https://feedsoft.ai/events/11165-oil-bounces-back-to-bull-market-fueled-by-opec-cuts-trade-talks-bloomberg.md) | +2.9% | +9.0% |
| BRENT | 2019-01-09 | [Oil prices surge on Saudi output cuts, US-China trade talks](https://feedsoft.ai/events/11166-oil-prices-surge-on-saudi-output-cuts-us-china-trade-talks.md) | +3.2% | +6.9% |
| BRENT | 2023-12-01 | [Oil Futures Lower as Market Ponders OPEC Cuts](https://feedsoft.ai/events/32494-oil-futures-lower-as-market-ponders-opec-cuts.md) | -9.9% | -6.0% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/10/11/oil-markets-opec-us-china-trade-in-focus.html

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