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Crude oil, the global benchmark, tumbled 13% over Thursday and Friday to just over $66 a barrel. The selloff is reshaping energy outlooks and raising doubts about Trump's push to boost U.S. fossil fuel output.
A sharp crude decline lowers energy costs but signals weaker demand expectations, which tends to weigh on biofuel-linked vegetable oil prices and feed-related energy inputs.
bloomberg.comDavid Wethe, Anna Shiryaevskaya, Grant SmithApr 4, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
Crude fell 13% over two days, the bulk of the 5-day decline, as tariffs and supply additions reshaped the outlook.
Documents the 13% two-day Brent plunge on Apr 3-4, which accounts for most of the 5-day decline.
Crude tumbled 13% over two days, capturing the bulk of the 5-day decline driven by tariffs and supply.
