Crude prices fall amid high inventories and concerns over China

After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.

• Jul 20, 2021Oil extends decline as concerns over Covid-19 variant mount | The National+8.2%
• Sep 25, 2020Oil prices down for the week on new coronavirus concerns-3.0%
• Apr 25, 2022Oil Price: Crude Down on China COVID Lockdowns and Fed Rate Outlook - Markets Insider+2.8%
• Jul 21, 2021RBI Intervention And Sharply Lower Oil Prices Halted The Rapid Rise In USD/INR | Investing.com India+7.2%
• Mar 13, 2020Crude oil sell-offs see prices for palm oil decline | Analysis & Features | The Grocer-18.6%

After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.

• Jul 20, 2021Oil extends decline as concerns over Covid-19 variant mount | The National+8.5%
• May 30, 2024Crude Prices Weighed Down by Energy Demand Concerns-6.5%
• Sep 25, 2020Oil prices down for the week on new coronavirus concerns-4.0%
• Apr 20, 2020Oil price crashes into negative territory for the first time in history amid pandemic-32.4%
• Apr 25, 2022Oil Price: Crude Down on China COVID Lockdowns and Fed Rate Outlook - Markets Insider+2.0%