Oil rises from six-week low with Chinese demand, OPEC+ in focus

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.

• Oct 28, 2026South African rand softens as oil prices rise, Fed in focus | CNBC Africa-4.7%
• Jan 18, 2024Oil prices rise on global demand forecasts, US crude stock draw+3.5%
• Apr 11, 2018Strong Demand, Not OPEC, Is Pushing Oil Prices Higher | OilPrice.com+1.1%
• Feb 18, 2019Rupee goes from first to last as oil, Kashmir puncture sentiment - Moneyweb+1.6%
• Dec 14, 2023U.S. crude oil rises 3% on weaker dollar, slightly improved 2024 demand outlook+8.4%

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.

• Jan 18, 2024Oil prices rise on global demand forecasts, US crude stock draw+3.6%
• Apr 11, 2018Strong Demand, Not OPEC, Is Pushing Oil Prices Higher | OilPrice.com+1.6%
• Jun 8, 2020Stocks get a boost from US jobs data, oil rises after OPEC+ deal | Financial Markets | Al Jazeera-8.3%
• May 27, 2020Diesel stops 19-week slide after fleets contend with historic low oil prices | Trucking Dive+6.6%
• Feb 1, 2017Oil Rises To 3-Week High as Dollar Slips, OPEC Cuts Output | Stock News & Stock Market Analysis - IBD-1.1%