Oil hits 2-week low as China's DeepSeek AI spurs demand fears

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 27, 2026Canadian dollar hits near two-week low as oil prices drop | Reuters-3.3%
• Nov 18, 2022Oil slides 2%, posts second weekly decline as supply fears recede | Reuters-6.5%
• Sep 10, 2024Oil settles near 3-year low on weak demand outlook | Reuters+2.1%
• Jun 23, 2022Oil prices slump as investors fear Fed rate hikes will hurt demand | Reuters+4.5%
• Oct 16, 2024Oil prices hold at 2-week low on lower oil demand growth forecasts+2.2%

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.

• Nov 18, 2022Oil slides 2%, posts second weekly decline as supply fears recede | Reuters-5.4%
• Sep 10, 2024Oil settles near 3-year low on weak demand outlook | Reuters+1.7%
• Jun 23, 2022Oil prices slump as investors fear Fed rate hikes will hurt demand | Reuters+4.3%
• Oct 16, 2024Oil prices hold at 2-week low on lower oil demand growth forecasts+2.5%
• Mar 27, 2020Oil drops as demand fears overshadow stimulus hopes-1.2%