Oil prices fall as Fed rate cut stirs economic worries, storage report mixed

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.

• Oct 30, 2018Oil prices fall as economic outlook deteriorates: Kemp-5.8%
• Jun 23, 2022Oil prices slump as investors fear Fed rate hikes will hurt demand | Reuters+4.5%
• Dec 4, 2022Oil falls over 3% after data raises Fed interest rate worries | Reuters-11.1%
• Jul 1, 2022Oil prices fall due to recession worries-0.9%
• Oct 14, 2022Oil prices fall more than 3% on recession worries-3.8%

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.

• Oct 30, 2018Oil prices fall as economic outlook deteriorates: Kemp-5.8%
• Jun 23, 2022Oil prices slump as investors fear Fed rate hikes will hurt demand | Reuters+4.3%
• Dec 4, 2022Oil falls over 3% after data raises Fed interest rate worries | Reuters-11.4%
• Jul 1, 2022Oil prices fall due to recession worries-7.1%
• Oct 14, 2022Oil prices fall more than 3% on recession worries-3.1%