Oil prices settle at pre-Iran war levels as crude output grows

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 30, 2024Oil prices slide 1%, settle at 7-week low on China worries-4.3%
• Oct 1, 2025Oil settles lower as investors brace for possible OPEC+ output hike-2.2%
• Sep 18, 2024Crude oil prices today: WTI, Brent lower as Fed cuts rates+1.5%
• Dec 20, 2018Oil demand flashes red, sending crude prices even lower-8.1%
• Aug 21, 2023Crude oil settles lower as hope fades for Chinese demand-0.5%

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 30, 2024Oil prices slide 1%, settle at 7-week low on China worries-3.7%
• Apr 23, 2020Ringgit at risk from weak crude oil prices+9.9%
• Oct 1, 2025Oil settles lower as investors brace for possible OPEC+ output hike-1.0%
• Sep 18, 2024Crude oil prices today: WTI, Brent lower as Fed cuts rates+0.3%
• Aug 28, 2026Dollar Strength and Increased Middle East Oil Flows Weigh on Crude Prices+9.2%

After 79 past bearish macro events, ULSD / Diesel moved a median -1.0% over 5 sessions (39% higher; middle half -5.7% to +1.7%), and -1.5% over 20.

• Feb 1, 2025Oil prices settle pennies higher, down for week as Trump touts energy policy-0.2%
• Sep 10, 2020Covid and trade war fears drop oil and fuel prices - Container News+1.8%
• Nov 19, 2024What do Diesel and Gasoline Tell us About Oil Prices?-0.7%
• Apr 21, 2021Oil prices drop as India’s COVID-19 surge dents demand outlook | Reuters+1.6%
• Dec 12, 2023What led to this fall's oil price slide — and what might come next | CBC News+1.6%