# Oil prices log lowest finish since March - MarketWatch

> WTI settled down $2.22 at $56.59 and Brent fell $2.58 to $66.87 after US inventory data showed a smaller crude stock draw than expected. Domestic production rose further, already at record levels. Both benchmarks reached their lowest settlements since March.

- Date: 2019-05-30 · published 2019-05-30T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/9887-oil-prices-log-lowest-finish-since-march-marketwatch
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A rising supply picture from record US output and smaller-than-expected stock draws reduces tightness in the market and pressures crude prices lower.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-03-09 | [WTI oil prices fall below $50 for first time since December](https://feedsoft.ai/events/8365-wti-oil-prices-fall-below-50-for-first-time-since-december.md) | -2.9% | +2.3% |
| WTI | 2022-08-03 | [Oil Plunges to Lowest Since February as US Gasoline Demand Drops](https://feedsoft.ai/events/12802-oil-plunges-to-lowest-since-february-as-us-gasoline-demand-drops.md) | -4.1% | -4.5% |
| WTI | 2025-12-11 | [IEA lowers 2026 oil glut forecast for first time since May \| Reuters](https://feedsoft.ai/events/21664-iea-lowers-2026-oil-glut-forecast-for-first-time-since-may-reuters.md) | -4.4% | +0.7% |
| WTI | 2019-06-05 | [U.S. oil prices enter a bear market as weekly domestic crude supplies jump to a nearly 2-year high - MarketWatch](https://feedsoft.ai/events/11592-u-s-oil-prices-enter-a-bear-market-as-weekly-domestic-crude-supplies-jump-to-a.md) | -0.4% | +4.8% |
| WTI | 2017-03-09 | [Oil Drops to Lowest Since OPEC Deal, U.S. Crude Below $50/bbl \| Fox Business](https://feedsoft.ai/events/8367-oil-drops-to-lowest-since-opec-deal-u-s-crude-below-50-bbl-fox-business.md) | -2.9% | +2.3% |
| BRENT | 2017-03-09 | [WTI oil prices fall below $50 for first time since December](https://feedsoft.ai/events/8365-wti-oil-prices-fall-below-50-for-first-time-since-december.md) | -3.7% | +1.3% |
| BRENT | 2025-12-11 | [IEA lowers 2026 oil glut forecast for first time since May \| Reuters](https://feedsoft.ai/events/21664-iea-lowers-2026-oil-glut-forecast-for-first-time-since-may-reuters.md) | -4.0% | +2.5% |
| BRENT | 2017-03-09 | [Oil Drops to Lowest Since OPEC Deal, U.S. Crude Below $50/bbl \| Fox Business](https://feedsoft.ai/events/8367-oil-drops-to-lowest-since-opec-deal-u-s-crude-below-50-bbl-fox-business.md) | -3.7% | +1.3% |

## Sources

- marketwatch.com: https://www.marketwatch.com/story/oil-prices-mixed-ahead-of-us-data-expected-to-show-inventory-reduction-2019-05-30

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