Oil prices settle pennies higher, down for week as Trump touts energy policy

After 565 past bearish macro events, WTI moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.

• Nov 1, 2023Oil falls to settle at 3-week low as Fed policy stance lifts dollar-4.5%
• Jun 14, 2022Oil prices settle down on fears of Fed and oil profit tax-8.6%
• Mar 17, 2023Oil prices settle down, post big weekly losses on bank fears | Reuters+2.4%
• Sep 25, 2020Oil prices down for the week on new coronavirus concerns-4.0%
• Jul 30, 2024Oil prices slide 1%, settle at 7-week low on China worries-3.7%

After 312 past bearish macro events, BRENT moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.

• Nov 1, 2023Oil falls to settle at 3-week low as Fed policy stance lifts dollar-5.3%
• Jun 14, 2022Oil prices settle down on fears of Fed and oil profit tax-7.7%
• Mar 17, 2023Oil prices settle down, post big weekly losses on bank fears | Reuters+1.6%
• Sep 25, 2020Oil prices down for the week on new coronavirus concerns-3.0%
• Jul 30, 2024Oil prices slide 1%, settle at 7-week low on China worries-4.3%

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

• May 30, 2024Crude Prices Weighed Down by Energy Demand Concerns-5.6%
• Jul 7, 2026Oil prices settle at pre-Iran war levels as crude output grows+16.4%
• Nov 19, 2024What do Diesel and Gasoline Tell us About Oil Prices?-0.7%
• Mar 20, 2023Benchmark diesel price down 7 weeks in a row - FreightWaves+0.8%
• Jun 20, 2023TODAY IN ENERGY: U.S. diesel prices have fallen below prices from before Russia’s invasion of Ukraine-3.8%