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Oil fell around 3% on Monday to its weakest level since 2021 while metals and coffee also declined. Both Brent and WTI have lost more than 10% over the past week amid the escalating U.S.-China trade war.
Trade war fears dampen expected demand for raw materials and energy, a bearish signal for commodity prices broadly including energy-linked inputs.
reuters.comAnna HirtensteinApr 7, 2025After 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.
After 56 past bearish trade events, Crude Oil (Brent) moved a median -5.6% over 5 sessions (20% higher; middle half -9.0% to -1.7%), and -4.5% 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.
On April 7 Brent hit a four-year low on recession fears from the US-China trade war, extending the decline within the window.
Brent fell about 3% to a four-year low on Apr 7 amid trade war escalation and recession fears, adding to the cumulative drop.
Oil fell about 3% to weakest since 2021 as the US-China trade war escalated, adding to the window's losses.
