# Oil: How the Market Dynamics Have Changed

> CME analysis says oil prices are rising on strong global growth and a renewed Mideast risk premium. It contrasts this cycle with past episodes, noting shale supply may respond faster to price and that the U.S. is now a net exporter.

- Date: 2018-05-01 · published 2018-05-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/65670-oil-how-the-market-dynamics-have-changed
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Faster shale response caps the upside in crude, which limits energy-driven pressure on feed and fertilizer costs. Higher crude still supports biofuel feedstock economics.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-02-14 | [Milestones on the oil market's road to rebalancing](https://feedsoft.ai/events/72673-milestones-on-the-oil-market-s-road-to-rebalancing.md) | +2.0% | -10.5% |
| WTI | 2017-09-23 | [Arab News \| Heating oil market looks tight this winter  oil market looks tight this winter](https://feedsoft.ai/events/69115-arab-news-heating-oil-market-looks-tight-this-winter-oil-market-looks-tight.md) | +2.4% | +2.3% |
| WTI | 2020-01-27 | [Due to oil prices on the world market, the prices of all commodities are rising – Lider Media](https://feedsoft.ai/events/55169-due-to-oil-prices-on-the-world-market-the-prices-of-all-commodities-are-rising.md) | -4.7% | -5.1% |
| WTI | 2021-06-16 | [Tight diesel market dominates the spotlight \| Saxo](https://feedsoft.ai/events/46788-tight-diesel-market-dominates-the-spotlight-saxo.md) | +1.4% | +1.4% |
| WTI | 2020-11-09 | [Oil price crests $41 on vaccine-fueled market rally](https://feedsoft.ai/events/11795-oil-price-crests-41-on-vaccine-fueled-market-rally.md) | +8.0% | +23.5% |
| BRENT | 2017-02-14 | [Milestones on the oil market's road to rebalancing](https://feedsoft.ai/events/72673-milestones-on-the-oil-market-s-road-to-rebalancing.md) | +1.2% | -7.6% |
| BRENT | 2021-04-22 | [Fuel for Thought: Energy security concerns returning to haunt oil market](https://feedsoft.ai/events/47771-fuel-for-thought-energy-security-concerns-returning-to-haunt-oil-market.md) | +3.9% | +3.3% |
| BRENT | 2021-06-16 | [Tight diesel market dominates the spotlight \| Saxo](https://feedsoft.ai/events/46788-tight-diesel-market-dominates-the-spotlight-saxo.md) | +1.6% | +4.5% |

## Sources

- cmegroup.com: https://www.cmegroup.com/education/featured-reports/oil-how-the-market-dynamics-have-changed

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