# Oil falls to near 4-year low amid recession fears, OPEC+ production hikes

> US crude futures fell more than 6% on April 4 to about $62.72 a barrel, touching below $61 intraday, the lowest since 2021. The decline followed tariff announcements seen raising recession risks and OPEC+ production hikes.

- Date: 2025-04-04 · published 2025-04-04T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/7295-oil-falls-to-near-4-year-low-amid-recession-fears-opec-production-hikes
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Weaker economic growth expectations and a bigger OPEC+ supply outlook reduce crude demand prospects, pressuring energy prices and lowering input costs for feed and fuel.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2025-04-07 | 5 | -10.4% | -3.0 | WTI fell more than 6% to a multi-year low on recession fears and OPEC+ supply hikes, which dragged down ULSD. |
| BRENT | 2025-04-08 | 5 | -16.6% | -5.2 | Apr 4 crude drop on recession fears and OPEC+ hikes, consistent with the window's demand and supply drivers. |
| BRENT | 2025-04-07 | 5 | -15.6% | -5.6 | US crude fell over 6% to the lowest since 2021 on recession risk and OPEC+ hikes, which supports the same demand and supply drivers. |
| WTI | 2025-04-07 | 5 | -15.5% | -4.6 | US crude fell over 6% on April 4 on recession risk and OPEC+ hikes. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-08-04 | [Oil prices hit lowest since Ukraine invasion amid recession fears \| Reuters](https://feedsoft.ai/events/12795-oil-prices-hit-lowest-since-ukraine-invasion-amid-recession-fears-reuters.md) | +1.5% | -2.7% |
| WTI | 2022-07-06 | [Oil slides 2% to 12-week low on fears of global recession](https://feedsoft.ai/events/12613-oil-slides-2-to-12-week-low-on-fears-of-global-recession.md) | -3.8% | -4.6% |
| WTI | 2020-10-12 | [Oil falls nearly 3% as production comes back online](https://feedsoft.ai/events/50803-oil-falls-nearly-3-as-production-comes-back-online.md) | +0.7% | -8.6% |
| WTI | 2022-07-01 | [Oil prices fall due to recession worries](https://feedsoft.ai/events/40409-oil-prices-fall-due-to-recession-worries.md) | -0.9% | -6.2% |
| WTI | 2022-07-05 | [Oil tumbles 9% on recession demand destruction fears](https://feedsoft.ai/events/12612-oil-tumbles-9-on-recession-demand-destruction-fears.md) | -3.9% | -12.8% |
| BRENT | 2022-08-04 | [Oil prices hit lowest since Ukraine invasion amid recession fears \| Reuters](https://feedsoft.ai/events/12795-oil-prices-hit-lowest-since-ukraine-invasion-amid-recession-fears-reuters.md) | +1.9% | -2.8% |
| BRENT | 2022-07-06 | [Oil slides 2% to 12-week low on fears of global recession](https://feedsoft.ai/events/12613-oil-slides-2-to-12-week-low-on-fears-of-global-recession.md) | -3.2% | -2.9% |
| BRENT | 2020-10-12 | [Oil falls nearly 3% as production comes back online](https://feedsoft.ai/events/50803-oil-falls-nearly-3-as-production-comes-back-online.md) | -0.3% | -8.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2025/04/04/oil-falls-to-3-year-low-amid-recession-fears-opec-production-hikes-.html

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