Crude Prices Retreat on the Prospects of Weaker Chinese Energy Demand

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.

• May 30, 2024Crude Prices Weighed Down by Energy Demand Concerns-6.5%
• Dec 20, 2018Oil demand flashes red, sending crude prices even lower-6.7%
• Aug 21, 2023Crude oil settles lower as hope fades for Chinese demand-1.2%
• Apr 23, 2020Ringgit at risk from weak crude oil prices+9.9%
• Jun 30, 2026ECB’s Sleijpen: Energy price retreat will have an impact on inflation-3.1%

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%
• Aug 21, 2023Crude oil settles lower as hope fades for Chinese demand-0.5%
• Aug 31, 2021Oil Prices Tumble On Demand Concerns Ahead Of OPEC+ Meeting-0.4%
• Dec 14, 2016Korea's export prices up 4.1% last month on weaker won - The Korea Herald+0.9%
• Oct 16, 2024Oil prices hold at 2-week low on lower oil demand growth forecasts+2.5%