Oil turns lower after Trump says he'll ask Saudi Arabia and OPEC to bring the price down

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 1, 2025Oil Declines After Trump Says He’ll Push OPEC to Lower Prices-2.1%
• Jan 26, 2025Oil Drops As Trump Urges OPEC To Cut Prices-2.8%
• Mar 21, 2017Is OPEC Losing Its Ability to Influence Oil Prices?-1.4%
• Oct 31, 2022Canadian dollar slips to six-day low as oil prices fall - The Globe and Mail+5.4%
• Oct 1, 2025Oil slumps to 16-week low on U.S. shutdown and possible OPEC+ plans-1.0%

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 1, 2025Oil Declines After Trump Says He’ll Push OPEC to Lower Prices-2.9%
• Jan 26, 2025Oil Drops As Trump Urges OPEC To Cut Prices-2.1%
• Oct 1, 2025Oil slumps to 16-week low on U.S. shutdown and possible OPEC+ plans-2.2%
• Jun 17, 2018The Fed Is Driving Down Oil Prices | OilPrice.com+2.6%
• Sep 18, 2026Ringgit opens higher against US dollar as oil prices ease | The Star-0.3%