Renewed inflation worries help drive oil price rally

After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.

• Nov 10, 2022Oil prices settle 1% higher on tepid U.S. inflation data | Reuters-0.2%
• Apr 12, 2023Oil rises 2% on lower-than-expected US inflation data | Reuters-0.8%
• Mar 3, 2026US dollar firms on renewed inflation risks; market pares back rate-cut outlook  | Reuters+33.1%
• Mar 18, 2026Trading Day: Hello inflation, goodbye 2026 Fed cut | Reuters-3.3%
• Mar 8, 2022Canadian dollar decouples from oil, adding to BoC inflation headaches | Reuters-13.5%

After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.

• Nov 10, 2022Oil prices settle 1% higher on tepid U.S. inflation data | Reuters-0.1%
• Mar 18, 2026Trading Day: Hello inflation, goodbye 2026 Fed cut | Reuters+0.5%
• May 11, 2021Commodity currencies hold advantage as dollar waits for inflation and Fed | Reuters+1.6%
• Jul 31, 2023Goldman Sachs: China Is The Biggest Driver Of The Oil Price Rally | OilPrice.com+2.4%
• May 24, 2023Oil prices gain 2% on falling U.S. stockpiles, Saudi warning | Reuters-5.8%