Oil Notches Weekly Loss on Tariff Risk, Fed’s Slower Easing Path

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.

• Jul 8, 2022Oil rises 2% but posts weekly loss on recession fears-5.1%
• Mar 17, 2023Oil prices settle down, post big weekly losses on bank fears | Reuters+1.6%
• Sep 4, 2020Oil drops nearly 4% to end the week lower, snapping four-week win streak-8.6%
• Dec 20, 2018Oil demand flashes red, sending crude prices even lower-8.1%
• Jul 6, 2022Oil slides 2% to 12-week low on fears of global recession-3.2%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Oct 2, 2023Oil tumbles 2% to 3-week low on strong dollar, profit taking+0.9%
• Sep 22, 2020Dollar rises after Fed's Evans comments on quantitative easing+1.1%
• Nov 25, 2016Fragile Asian currencies set for weekly losses on rising dollar, US yields - Malaysia Today-0.3%
• Mar 19, 2021Oil prices post deepest weekly loss since October, yet banks remain bullish+1.1%
• Apr 21, 2023Asian FX set for weekly losses as Fed rate hike bets weigh - Markets - Business Recorder+0.3%