Oil climbs 2% to three-week high on China stimulus, Mideast conflict

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.

• Mar 30, 2026South African rand weakens as Middle East conflict elevates oil prices | CNBC Africa+1.2%
• Oct 15, 2021Oil prices rise to three-year high on back of supply deficit forecasts+0.8%
• Sep 14, 2026Dollar gains as Middle East conflict lifts oil, Fed hike looms By Reuters+0.3%
• Jun 20, 2019Rupee surges by 24p to 1-wk high on US rate cut hopes+7.0%
• Aug 1, 2026Baht set to decline again amid Mideast war-7.4%

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.

• Nov 17, 2016C$ strengthens to a 1-week high as oil climbs+3.4%
• Dec 1, 2016Dollar climbs to 9-1/2-month high vs yen on oil, Mnuchin+0.8%
• Jul 30, 2018Canadian dollar climbs to 7-week high on NAFTA optimism, oil rally - Financial Post-0.3%
• Nov 24, 2020Canadian dollar climbs to 2-week high as Biden transition boosts Wall Street - The Globe and Mail+3.7%
• Feb 12, 2020Canadian dollar climbs to one-week high as virus fears ebb | Financial Post+6.6%