# Crude Oil Prices Fall On Trump's OPEC Tweet But U.S. Shale Boom Continues

> Crude oil fell on Monday after President Trump urged OPEC to relax its production cuts and said the world economy could not take a price hike. The decline came even as the US shale boom limits OPEC's ability to lift prices.

- Date: 2019-03-01 · published 2019-03-01T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/60777-crude-oil-prices-fall-on-trump-s-opec-tweet-but-u-s-shale-boom-continues
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower crude weakens the energy-linked support for biofuel feedstocks and freight costs, which pressures oilseed and vegetable oil prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-04-26 | [Oil sinks 3% as Trump again pressures OPEC to lower crude prices](https://feedsoft.ai/events/8093-oil-sinks-3-as-trump-again-pressures-opec-to-lower-crude-prices.md) | -5.3% | -11.5% |
| WTI | 2026-08-01 | [Oil Prices Are Falling, but OPEC Plus Pledges to Pump More](https://feedsoft.ai/events/18252-oil-prices-are-falling-but-opec-plus-pledges-to-pump-more.md) | -7.5% | -1.7% |
| WTI | 2025-01-20 | [Oil falls as Trump's plan to boost US oil output takes shape](https://feedsoft.ai/events/26687-oil-falls-as-trump-s-plan-to-boost-us-oil-output-takes-shape.md) | -6.3% | -8.0% |
| WTI | 2017-12-01 | [U.S. Shale To Surge After OPEC Extension \| OilPrice.com](https://feedsoft.ai/events/67413-u-s-shale-to-surge-after-opec-extension-oilprice-com.md) | -1.5% | +5.3% |
| WTI | 2024-06-03 | [U.S. crude oil falls more than 3% as OPEC+ plans phasing out production cuts](https://feedsoft.ai/events/29656-u-s-crude-oil-falls-more-than-3-as-opec-plans-phasing-out-production-cuts.md) | -1.9% | +8.5% |
| BRENT | 2019-04-26 | [Oil sinks 3% as Trump again pressures OPEC to lower crude prices](https://feedsoft.ai/events/8093-oil-sinks-3-as-trump-again-pressures-opec-to-lower-crude-prices.md) | -5.3% | -8.8% |
| BRENT | 2026-08-01 | [Oil Prices Are Falling, but OPEC Plus Pledges to Pump More](https://feedsoft.ai/events/18252-oil-prices-are-falling-but-opec-plus-pledges-to-pump-more.md) | -8.5% | -4.2% |
| BRENT | 2025-01-20 | [Oil falls as Trump's plan to boost US oil output takes shape](https://feedsoft.ai/events/26687-oil-falls-as-trump-s-plan-to-boost-us-oil-output-takes-shape.md) | -4.0% | -8.5% |

## Sources

- investors.com: https://www.investors.com/news/crude-oil-prices-trump-opec-tweet/

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