Oil rises on U.S. stockpiles drawdown, OPEC+ mulls output hike delay

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.

• Feb 1, 2017Oil Rises To 3-Week High as Dollar Slips, OPEC Cuts Output | Stock News & Stock Market Analysis - IBD-1.1%
• Jan 18, 2024Oil prices rise on global demand forecasts, US crude stock draw+3.6%
• May 24, 2023Oil prices gain 2% on falling U.S. stockpiles, Saudi warning | Reuters-6.6%
• Aug 29, 2023America Runs on Oil – But Can U.S. Diesel Stockpiles Keep Up? - Supply Chain Technology News+7.8%
• May 28, 2025Oil gains on supply concerns, investors await July OPEC+ output decision+4.1%

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.

• Jan 18, 2024Oil prices rise on global demand forecasts, US crude stock draw+3.5%
• May 24, 2023Oil prices gain 2% on falling U.S. stockpiles, Saudi warning | Reuters-5.8%
• May 28, 2025Oil gains on supply concerns, investors await July OPEC+ output decision+3.7%
• Dec 14, 2023U.S. crude oil rises 3% on weaker dollar, slightly improved 2024 demand outlook+8.4%
• Oct 11, 2021Oil settles up 1.5%; hits multi-year highs on surging demand | Reuters+3.0%