# Oil sinks 3% as Trump again pressures OPEC to lower crude prices

> Oil futures fell about 3% on Friday after President Trump again pressed OPEC to raise crude output to ease gasoline prices. The move came as traders reversed some of the week's gains.

- Date: 2019-04-26 · published 2019-04-26T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8093-oil-sinks-3-as-trump-again-pressures-opec-to-lower-crude-prices
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Public pressure for more OPEC supply raises expectations of higher crude output, which pressures crude prices lower and feeds into lower fuel costs for feed-related transport and processing.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2019-04-26 | 1 | -5.2% | -4.0 | Reports the Friday drop of about 3% as Trump pressed OPEC to raise output, which raised expected supply and prompted traders to reverse the week's gains. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-01-28 | [Saudi, other OPEC+ ministers meet after Trump calls for lower oil price](https://feedsoft.ai/events/26421-saudi-other-opec-ministers-meet-after-trump-calls-for-lower-oil-price.md) | +0.0% | -5.9% |
| WTI | 2019-03-01 | [Crude Oil Prices Fall On Trump's OPEC Tweet But U.S. Shale Boom Continues](https://feedsoft.ai/events/60777-crude-oil-prices-fall-on-trump-s-opec-tweet-but-u-s-shale-boom-continues.md) | -1.0% | +3.6% |
| WTI | 2019-04-25 | [Oil Tumbles Most in Two Months as Trump Promises Lower Prices - Bloomberg](https://feedsoft.ai/events/8094-oil-tumbles-most-in-two-months-as-trump-promises-lower-prices-bloomberg.md) | -3.6% | -6.8% |
| WTI | 2025-03-03 | [OPEC+ to Begin Long-Delayed Oil Output Restart Amid Trump Pressure - Bloomberg](https://feedsoft.ai/events/25482-opec-to-begin-long-delayed-oil-output-restart-amid-trump-pressure-bloomberg.md) | -3.9% | -0.4% |
| WTI | 2025-11-01 | [Oil settles lower as OPEC plans to increase oil output](https://feedsoft.ai/events/22562-oil-settles-lower-as-opec-plans-to-increase-oil-output.md) | -2.0% | -3.4% |
| BRENT | 2019-03-01 | [Crude Oil Prices Fall On Trump's OPEC Tweet But U.S. Shale Boom Continues](https://feedsoft.ai/events/60777-crude-oil-prices-fall-on-trump-s-opec-tweet-but-u-s-shale-boom-continues.md) | +0.0% | +2.2% |
| BRENT | 2025-01-28 | [Saudi, other OPEC+ ministers meet after Trump calls for lower oil price](https://feedsoft.ai/events/26421-saudi-other-opec-ministers-meet-after-trump-calls-for-lower-oil-price.md) | -1.3% | -3.1% |
| BRENT | 2019-04-25 | [Oil Tumbles Most in Two Months as Trump Promises Lower Prices - Bloomberg](https://feedsoft.ai/events/8094-oil-tumbles-most-in-two-months-as-trump-promises-lower-prices-bloomberg.md) | -2.7% | -3.5% |

## Sources

- reuters.com: https://www.reuters.com/article/us-global-oil/oil-drops-3-percent-after-trump-again-tells-opec-to-lower-prices-idUSKCN1S202T/?feedName=businessNews&feedType=RSS

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