Oil rises on US fuel demand, extends rally

After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% over 20.

• Sep 28, 2022Oil prices rise on surprise drop in U.S. crude, fuel stocks+10.1%
• Jun 30, 2021Oil rises on lower U.S. stockpiles, demand recovery - Markets - Business Recorder-1.2%
• Jun 20, 2024Oil prices rise on US crude draw; jobs data feeds rate cut hopes-0.7%
• Apr 14, 2023Oil rises, logs weekly gains after IEA predicts record demand-5.9%
• Dec 30, 2024EIA: U.S. crude stocks fall on strong refining demand+4.2%

After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.

• Sep 28, 2022Oil prices rise on surprise drop in U.S. crude, fuel stocks+7.7%
• Jun 30, 2021Oil rises on lower U.S. stockpiles, demand recovery - Markets - Business Recorder+0.1%
• Jun 20, 2024Oil prices rise on US crude draw; jobs data feeds rate cut hopes+0.0%
• Apr 14, 2023Oil rises, logs weekly gains after IEA predicts record demand-4.8%
• Dec 30, 2024EIA: U.S. crude stocks fall on strong refining demand+3.8%