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Crude oil ended its longest weekly win streak in four years after falling about 5% for the week, its first negative week in eight. The sell-off accelerated after Trump called on OPEC to lower prices, and analysts disagreed on whether the uptrend remains intact.
The commentary describes routine price action following a policy-driven drop, so it adds little new supply or demand information beyond the OPEC pressure already priced in.
cnbc.comKeris LahiffApr 27, 2019Not 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.
