# High Volatility Christmas Trading Forces Crude Lower | OilPrice.com

> WTI and Brent were set to finish the week about 10% lower amid a crude bear market and thin holiday trading. OPEC planned to publish output cut quotas for members and allies, including Russia, totaling 1.2 million barrels per day, with the effective cut for members at 3.02%.

- Date: 2018-12-22 · published 2018-12-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/61748-high-volatility-christmas-trading-forces-crude-lower-oilprice-com
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Weaker crude reduces diesel and fertilizer costs and weighs on biofuel economics, while OPEC's deeper-than-expected quotas could offer some support to prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- oilprice.com: https://oilprice.com/Energy/Energy-General/High-Volatility-Christmas-Trading-Forces-Crude-Lower.html

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