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Brent futures fell about 6.5% to $65.63 and WTI dropped about 7.4% to $62.02 as China retaliated against U.S. tariffs. Metals and soybeans also slumped during the session.
Retaliatory tariffs threaten U.S. soybean export demand to China, pressuring soybean prices and the crush complex, while broader trade fears drag energy lower.
reuters.comAnna HirtensteinApr 4, 2025After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% over 20.
After 80 past bearish trade events, Crude Oil (WTI) moved a median -2.2% over 5 sessions (30% higher; middle half -6.9% to +0.8%), and -1.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Brent fell about 6.5% as China retaliated, with metals and soybeans also slumping, which confirms a broad risk-off and demand-driven selloff.
Describes the Apr 4 Brent drop of about 6.5% on China's retaliation, with broad commodity weakness showing a risk-off demand shock.
Same-day selloff in crude as China retaliated, with WTI down about 7.4%, showing demand/sentiment shock.
