# Oil Tumbles Most in Two Months as Trump Promises Lower Prices - Bloomberg

> Oil futures in New York dropped 2.9% on Friday, erasing earlier gains from the week that followed a US vow of tougher Iran sanctions. Trump said he had urged OPEC to bring down gasoline prices, and reports of replacement supplies for contaminated Russian crude also weighed on prices.

- Date: 2019-04-25 · published 2019-04-25T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8094-oil-tumbles-most-in-two-months-as-trump-promises-lower-prices-bloomberg
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expectations of extra OPEC supply and readily available replacement barrels reduce the risk premium in crude, pointing to lower energy input costs for the feed sector.

## 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 | Describes the biggest oil drop in two months on Friday, driven by Trump's push for OPEC to lower prices and by replacement supplies for contaminated Russian crude easing supply worries; the listed date is off by a day but the content matches the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-02-06 | [U.S. Oil and Gas Prices May Tumble On Trump's ‘Energy Revolution’ - Bloomberg](https://feedsoft.ai/events/72693-u-s-oil-and-gas-prices-may-tumble-on-trump-s-energy-revolution-bloomberg.md) | +0.1% | -1.2% |
| WTI | 2019-04-26 | [Oil sinks 3% as Trump again pressures OPEC to lower crude prices](https://feedsoft.ai/events/8093-oil-sinks-3-as-trump-again-pressures-opec-to-lower-crude-prices.md) | -5.3% | -11.5% |
| 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 | 2022-03-08 | [Oil Prices for Mar. 09, 2022: Brent Crude, WTI - Bloomberg](https://feedsoft.ai/events/5779-oil-prices-for-mar-09-2022-brent-crude-wti-bloomberg.md) | -13.5% | -13.4% |
| 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% |
| BRENT | 2019-04-26 | [Oil sinks 3% as Trump again pressures OPEC to lower crude prices](https://feedsoft.ai/events/8093-oil-sinks-3-as-trump-again-pressures-opec-to-lower-crude-prices.md) | -5.3% | -8.8% |
| BRENT | 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) | -3.4% | +0.3% |
| BRENT | 2022-03-08 | [Oil Prices for Mar. 09, 2022: Brent Crude, WTI - Bloomberg](https://feedsoft.ai/events/5779-oil-prices-for-mar-09-2022-brent-crude-wti-bloomberg.md) | -13.8% | -14.5% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-04-25/oil-set-for-eighth-straight-weekly-gain-on-supply-constraints

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