# Oil on the horns of a dilemma as slowdown, supply cuts play out, ETAuto

> Oil prices were mixed on March 18, with Brent near $67.24 and WTI near $58.43, as slowing demand worries offset OPEC cuts and U.S. sanctions on Iran and Venezuela. Bernstein sees 2019 demand growth of 1.3 million bpd, though a slowdown could push it below 1 million. U.S. and Japanese manufacturing data showed weakness.

- Date: 2019-03-18 · published 2019-03-18T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/60285-oil-on-the-horns-of-a-dilemma-as-slowdown-supply-cuts-play-out-etauto
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Demand-side weakness from slowing growth limits crude upside even as supply restraint holds prices near 2019 highs, leaving energy costs range-bound for feed producers.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-09-30 | [Arab News \| Oil prices ‘likely to remain static despite output cuts’](https://feedsoft.ai/events/51279-arab-news-oil-prices-likely-to-remain-static-despite-output-cuts.md) | +3.7% | +0.8% |
| WTI | 2026-04-01 | [How Japan Can Use the Oil Market to Support the Yen](https://feedsoft.ai/events/20404-how-japan-can-use-the-oil-market-to-support-the-yen.md) | -6.6% | +6.7% |
| WTI | 2019-12-30 | [Oil price rise muted in 2019 despite sanctions, supply cuts, attack in Saudi Arabia](https://feedsoft.ai/events/55730-oil-price-rise-muted-in-2019-despite-sanctions-supply-cuts-attack-in-saudi.md) | +2.5% | -13.6% |
| WTI | 2024-09-19 | [Rate cut a plus for some commodities, but demand and supply forces will still be key - The Business Times](https://feedsoft.ai/events/28217-rate-cut-a-plus-for-some-commodities-but-demand-and-supply-forces-will-still-be.md) | -1.9% | -1.1% |
| WTI | 2020-05-25 | [Low oil prices a consolation prize for container, dry bulk shipping - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/53345-low-oil-prices-a-consolation-prize-for-container-dry-bulk-shipping-supply-chain.md) | +6.2% | +21.4% |
| BRENT | 2020-09-30 | [Arab News \| Oil prices ‘likely to remain static despite output cuts’](https://feedsoft.ai/events/51279-arab-news-oil-prices-likely-to-remain-static-despite-output-cuts.md) | +3.1% | -0.6% |
| BRENT | 2026-04-01 | [How Japan Can Use the Oil Market to Support the Yen](https://feedsoft.ai/events/20404-how-japan-can-use-the-oil-market-to-support-the-yen.md) | -12.2% | -1.1% |
| BRENT | 2019-12-30 | [Oil price rise muted in 2019 despite sanctions, supply cuts, attack in Saudi Arabia](https://feedsoft.ai/events/55730-oil-price-rise-muted-in-2019-despite-sanctions-supply-cuts-attack-in-saudi.md) | +1.5% | -14.0% |

## Sources

- auto.economictimes.indiatimes.com: https://auto.economictimes.indiatimes.com/news/oil-and-lubes/oil-on-the-horns-of-a-dilemma-as-slowdown-supply-cuts-play-out/68464959

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