Oil News: Crude Prices Climb on U.S. Stock Draw and China Demand Outlook

After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% over 20.

• Sep 28, 2022Oil prices rise on surprise drop in U.S. crude, fuel stocks+10.1%
• Dec 30, 2024EIA: U.S. crude stocks fall on strong refining demand+4.2%
• Jun 20, 2024Oil prices rise on US crude draw; jobs data feeds rate cut hopes-0.7%
• Jan 9, 2018Oil Jumps as Industry Data Shows U.S. Crude Stock Monster Draw - Bloomberg+3.3%
• Mar 14, 2024Oil prices climb as revised IEA outlook signals tighter market | Reuters+2.6%

After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.

• Sep 28, 2022Oil prices rise on surprise drop in U.S. crude, fuel stocks+7.7%
• Dec 30, 2024EIA: U.S. crude stocks fall on strong refining demand+3.8%
• Jun 20, 2024Oil prices rise on US crude draw; jobs data feeds rate cut hopes+0.0%
• Mar 14, 2024Oil prices climb as revised IEA outlook signals tighter market | Reuters+2.2%
• Mar 14, 2024IEA raises oil demand outlook again but still lags OPEC | Reuters+2.2%