Oil sinks about 4% after weak factory data sparks demand concerns

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.

• Feb 25, 2020Oil falls for fifth day on demand concerns as coronavirus spreads-9.0%
• Oct 15, 2024Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens-5.8%
• Mar 19, 2021Oil battered in ugly week as demand concerns, dollar spur slump-2.4%
• Oct 13, 2024Oil falls 2% as OPEC cuts oil demand growth view, China concerns-8.3%
• Dec 12, 2023Oil falls more than 3% on softening demand, oversupply concerns | Reuters+1.7%

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.

• Feb 25, 2020Oil falls for fifth day on demand concerns as coronavirus spreads-7.6%
• Oct 15, 2024Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens-5.4%
• Mar 19, 2021Oil battered in ugly week as demand concerns, dollar spur slump-1.8%
• Oct 13, 2024Oil falls 2% as OPEC cuts oil demand growth view, China concerns-8.5%
• Dec 12, 2023Oil falls more than 3% on softening demand, oversupply concerns | Reuters+3.3%