Oil prices up on US growth data

After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.

• Dec 5, 2016The good oil on grain prices… - Grain Central-0.3%
• Nov 10, 2022Oil prices settle 1% higher on tepid U.S. inflation data | Reuters-0.1%
• Apr 12, 2017Syria, OPEC, and Oil Prices-5.0%
• Jan 18, 2024Oil prices rise on global demand forecasts, US crude stock draw+3.5%
• Aug 22, 2024Oil prices settle $1 up on hopes of a US Fed rate cut next month | Reuters+2.5%

After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.

• Dec 5, 2016The good oil on grain prices… - Grain Central-0.4%
• Aug 25, 2023Oil futures up 1% to one-week high on soaring US diesel prices+5.3%
• Aug 4, 2017Oil prices rise after strong US jobs data; rising exports cap gains-1.0%
• Nov 10, 2022Oil prices settle 1% higher on tepid U.S. inflation data | Reuters-0.2%
• Apr 12, 2017Syria, OPEC, and Oil Prices-5.5%