Crude oil prices today: WTI, Brent lower as Fed cuts rates

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.

• Dec 20, 2018Oil demand flashes red, sending crude prices even lower-6.7%
• Sep 21, 2022Oil prices slide 1% after U.S. Fed raises interest rates-6.9%
• Sep 20, 2023Oil prices ease 1% after US Fed warns of higher rates for longer-0.1%
• Apr 23, 2020Ringgit at risk from weak crude oil prices+9.9%
• Apr 25, 2022Oil Price: Crude Down on China COVID Lockdowns and Fed Rate Outlook - Markets Insider+2.0%

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.

• Dec 20, 2018Oil demand flashes red, sending crude prices even lower-8.1%
• Sep 20, 2023Oil prices ease 1% after US Fed warns of higher rates for longer-1.1%
• Apr 25, 2022Oil Price: Crude Down on China COVID Lockdowns and Fed Rate Outlook - Markets Insider+2.8%
• Jul 4, 2023Why are OPEC+ supply cuts failing to boost oil prices?+4.3%
• Sep 18, 2024Oil prices fall as Fed rate cut stirs economic worries, storage report mixed | Reuters+1.5%

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• Jun 21, 2019Gold prices after Fed opens door for potential rate cut-0.1%
• Sep 11, 2020Lower-for-longer rates from the Fed point to a weaker-for-longer dollar-0.4%
• Aug 23, 2024South African rand jumps as Fed's Powell signals lower rates-0.1%
• Sep 19, 2025Fed rate cuts won’t be a major influence on commodity prices | Capital Economics+0.7%
• Jun 10, 2020Forex Today: Fed sent the dollar further lower — Octa+0.8%