Crude oil climbs more than $1.60 a barrel on tariff cuts, economic outlook

After 16 past bullish trade events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (81% higher; middle half +0.5% to +4.8%), and +5.9% over 20.

• Jan 9, 2019Oil rises more than 2 pct on U.S.-China trade talk hope+3.2%
• May 12, 2025Oil Prices Jump on US-China Tariff Reduction+1.9%
• Jan 4, 2019Oil prices rise on US-China trade talks and OPEC cuts+11.9%
• Sep 19, 2023Recent surge in WTI price curbs US oil flows to Europe, Asia | Reuters-1.6%
• Dec 3, 2018Oil up 4 pct on trade truce, expected supply cuts+6.0%

After 36 past bullish trade events, Crude Oil (WTI) moved a median +1.6% over 5 sessions (69% higher; middle half -2.0% to +4.5%), and +0.7% over 20.

• Jan 9, 2019Oil rises more than 2 pct on U.S.-China trade talk hope+4.5%
• Jan 30, 2025Trump Slaps 25% Tariffs On Canada, Mexico: Loonie, Peso Slide, Oil Climbs - Invesco CurrencyShares Canadi - Benzinga-2.1%
• May 12, 2025Oil Prices Jump on US-China Tariff Reduction+2.4%
• Jan 30, 2025Canadian dollar hits 5-year low as oil tariff decision looms-2.1%
• Jan 4, 2019Oil prices rise on US-China trade talks and OPEC cuts+11.7%