# Oil under pressure from U.S.-China trade war, but OPEC cuts provide support, ETAuto

> Oil prices were mixed on May 27, with US crude under pressure from Sino-American trade tensions while Brent was supported by OPEC supply cuts. Both contracts had their biggest weekly declines of the year the previous week. Traders cut long positions and saw signs of weaker demand growth.

- Date: 2019-05-27 · published 2019-05-27T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/59237-oil-under-pressure-from-u-s-china-trade-war-but-opec-cuts-provide-support-etauto
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Fears that the trade dispute will slow the global economy weigh on crude demand expectations, while OPEC cuts limit downside. Energy costs for feed production and transport stay sensitive to trade headlines.

## Read by commodity

- WTI: bearish ▼
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-08-23 | [Oil slips as trade spat escalates; but crude stock decline supports U.S. crude](https://feedsoft.ai/events/63702-oil-slips-as-trade-spat-escalates-but-crude-stock-decline-supports-u-s-crude.md) | +2.6% | +4.3% |
| WTI | 2019-06-03 | [Oil falls as trade fears offset expectations for prolonged supply cuts](https://feedsoft.ai/events/11308-oil-falls-as-trade-fears-offset-expectations-for-prolonged-supply-cuts.md) | +0.9% | +9.0% |
| WTI | 2025-04-08 | [Oil settles down $1 at four-year low as US-China trade war escalates](https://feedsoft.ai/events/25281-oil-settles-down-1-at-four-year-low-as-us-china-trade-war-escalates.md) | +1.5% | -1.6% |
| WTI | 2019-05-31 | [Oil Prices Slide on Trade Tensions and China Fears](https://feedsoft.ai/events/9884-oil-prices-slide-on-trade-tensions-and-china-fears.md) | -6.9% | +4.9% |
| WTI | 2020-09-07 | [Oil falls after Saudi cuts prices, China slows imports](https://feedsoft.ai/events/7475-oil-falls-after-saudi-cuts-prices-china-slows-imports.md) | -6.2% | -1.4% |
| BRENT | 2018-04-04 | [Oil down slightly; U.S. inventory draw offsets trade war fears](https://feedsoft.ai/events/10845-oil-down-slightly-u-s-inventory-draw-offsets-trade-war-fears.md) | +3.3% | +9.4% |
| BRENT | 2017-10-31 | [Oil approaches 2-year highs but US export increase looms crude exports \| The National](https://feedsoft.ai/events/68150-oil-approaches-2-year-highs-but-us-export-increase-looms-crude-exports-the.md) | +5.8% | +4.6% |
| BRENT | 2021-04-14 | [China's Iranian oil buying spree crushes demand for Brazil, Angola crude](https://feedsoft.ai/events/47774-china-s-iranian-oil-buying-spree-crushes-demand-for-brazil-angola-crude.md) | +4.3% | +8.6% |

## Sources

- auto.economictimes.indiatimes.com: https://auto.economictimes.indiatimes.com/news/oil-and-lubes/oil-under-pressure-from-u-s-china-trade-war-but-opec-cuts-provide-support/69523895

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