Oil prices rise on US crude draw; jobs data feeds rate cut hopes

After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% over 20.

• Sep 28, 2022Oil prices rise on surprise drop in U.S. crude, fuel stocks+10.1%
• Dec 28, 2024Oil News: Crude Prices Climb on U.S. Stock Draw and China Demand Outlook+4.2%
• Aug 25, 2021Oil rises on US fuel demand, extends rally+1.4%
• Dec 10, 2019EIA: recent oil prices supported by better economic data, further OPEC cut | Oil & Gas Journal+2.1%
• Aug 22, 2018Oil surges after data shows steep drop in US crude inventories+1.8%

After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.

• Sep 28, 2022Oil prices rise on surprise drop in U.S. crude, fuel stocks+7.7%
• Dec 28, 2024Oil News: Crude Prices Climb on U.S. Stock Draw and China Demand Outlook+3.8%
• Aug 25, 2021Oil rises on US fuel demand, extends rally+2.9%
• Dec 10, 2019EIA: recent oil prices supported by better economic data, further OPEC cut | Oil & Gas Journal+2.1%
• Aug 22, 2018Oil surges after data shows steep drop in US crude inventories+5.3%

After 47 past bearish report events, US Dollar (Broad) moved a median -0.2% over 5 sessions (34% higher; middle half -0.8% to +0.2%), and -0.7% over 20.

• Jul 31, 2019Oil Rises On US Stockpile Drawdown, Focus On Fed Meeting - BizWatchNigeria.Ng+0.9%
• Feb 2, 2022U.S. dollar falls after private jobs data; euro up as inflation heats up-0.2%
• Jun 1, 2024Gold climbs as cooling US inflation bolsters Fed rate cut bets+1.2%
• Jul 12, 2019Korea’s export-import prices turned lower in June on weaker USD, oil prices - 매일경제 영문뉴스 펄스(Pulse)+0.0%
• Jul 31, 2020Oil on track for monthly gains as US cuts production - Markets - Business Recorder-0.3%