# Oil prices fall as economic outlook deteriorates: Kemp

> Kemp's analysis argues that a weakening economic outlook is likely to push oil prices to a plateau or lower. Lower prices would curb projected output expansion and stimulate consumption growth.

- Date: 2018-10-30 · published 2018-10-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/9159-oil-prices-fall-as-economic-outlook-deteriorates-kemp
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expected weaker global growth dampens crude demand expectations, a bearish outlook for oil that flows through to energy and feed-logistics costs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-09-18 | [Oil prices fall as Fed rate cut stirs economic worries, storage report mixed \| Reuters](https://feedsoft.ai/events/28482-oil-prices-fall-as-fed-rate-cut-stirs-economic-worries-storage-report-mixed.md) | +1.5% | -0.2% |
| BRENT | 2021-04-21 | [Oil prices drop as India’s COVID-19 surge dents demand outlook \| Reuters](https://feedsoft.ai/events/47759-oil-prices-drop-as-india-s-covid-19-surge-dents-demand-outlook-reuters.md) | +0.6% | +4.4% |
| BRENT | 2021-03-25 | [Oil prices drop 4% as new lockdowns undermine hopes for economic recovery](https://feedsoft.ai/events/10318-oil-prices-drop-4-as-new-lockdowns-undermine-hopes-for-economic-recovery.md) | -0.8% | +1.8% |
| BRENT | 2020-03-30 | [Crude oil futures drop as pandemic darkens demand outlook](https://feedsoft.ai/events/5321-crude-oil-futures-drop-as-pandemic-darkens-demand-outlook.md) | +21.9% | -26.3% |
| BRENT | 2022-07-01 | [Oil prices fall due to recession worries](https://feedsoft.ai/events/40409-oil-prices-fall-due-to-recession-worries.md) | -7.1% | -7.6% |
| WTI | 2024-09-18 | [Oil prices fall as Fed rate cut stirs economic worries, storage report mixed \| Reuters](https://feedsoft.ai/events/28482-oil-prices-fall-as-fed-rate-cut-stirs-economic-worries-storage-report-mixed.md) | +0.3% | -1.2% |
| WTI | 2021-04-21 | [Oil prices drop as India’s COVID-19 surge dents demand outlook \| Reuters](https://feedsoft.ai/events/47759-oil-prices-drop-as-india-s-covid-19-surge-dents-demand-outlook-reuters.md) | +0.7% | +4.7% |
| WTI | 2021-03-25 | [Oil prices drop 4% as new lockdowns undermine hopes for economic recovery](https://feedsoft.ai/events/10318-oil-prices-drop-4-as-new-lockdowns-undermine-hopes-for-economic-recovery.md) | -3.2% | +0.5% |

## Sources

- reuters.com: https://www.reuters.com/article/us-oil-prices-kemp/oil-prices-fall-as-economic-outlook-deteriorates-kemp-idUSKCN1N42AC/

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