# Oil rallies as progress toward a trade deal eases demand worries - MarketWatch

> Oil futures rallied on June 18 to settle at their highest in over a week after Trump said he had a good call with Xi and a meeting was planned at the G20. Hopes of easing trade tensions and a looser stance from the ECB and Fed also supported prices.

- Date: 2019-06-18 · published 2019-06-18T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/58757-oil-rallies-as-progress-toward-a-trade-deal-eases-demand-worries-marketwatch
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Improved trade prospects reduce demand fears and lift crude, with knock-on effects on energy and freight costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-05-07 | [Record oil exports could drive U.S. diesel and gas supply shortages just as summer travel starts - MarketWatch](https://feedsoft.ai/events/19460-record-oil-exports-could-drive-u-s-diesel-and-gas-supply-shortages-just-as.md) | +6.0% | -2.0% |
| 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 | 2020-02-18 | [China takes steps to make good on trade deal](https://feedsoft.ai/events/54482-china-takes-steps-to-make-good-on-trade-deal.md) | -1.3% | -44.5% |
| 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 | 2025-07-31 | [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% |
| BRENT | 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) | +11.9% | +13.9% |
| BRENT | 2025-05-09 | [Week in Review: Fuel Prices Climb on Trade Talks and US Supply Strains - Mansfield Energy](https://feedsoft.ai/events/12548-week-in-review-fuel-prices-climb-on-trade-talks-and-us-supply-strains-mansfield.md) | +3.1% | +7.5% |
| BRENT | 2019-01-09 | [Oil rises more than 2 pct on U.S.-China trade talk hope](https://feedsoft.ai/events/11168-oil-rises-more-than-2-pct-on-u-s-china-trade-talk-hope.md) | +3.2% | +6.9% |

## Sources

- marketwatch.com: https://www.marketwatch.com/story/oil-slips-as-demand-worries-persist-but-global-stock-market-rally-lends-support-2019-06-18

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