Currie Says Oil Will Break Above Consensus View on Fed Cuts

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.

• Sep 20, 2023Goldman Sachs Says Oil’s Going Back to $100 as OPEC+ Cuts - Bloomberg-0.1%
• Apr 16, 2024USD Dollar Heads for Best Run in Year in Bet on Fed Delaying Cuts - Bloomberg-2.8%
• Nov 23, 2020Oil Hits March High With Transition Stoking Rally Across Markets - Bloomberg+7.6%
• Apr 23, 2024Crude oil prices today: WTI above $83 on hopes for interest rate cuts+0.3%
• Apr 4, 2024Brent Oil Futures Hit $90 a Barrel for First Time Since October - Bloomberg+0.9%

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.

• Sep 20, 2023Goldman Sachs Says Oil’s Going Back to $100 as OPEC+ Cuts - Bloomberg-1.1%
• Oct 2, 2018Oil Puts Rupee on Course to Outstrip Taper-Tantrum Losses - Bloomberg-1.1%
• Nov 23, 2020Oil Hits March High With Transition Stoking Rally Across Markets - Bloomberg+7.1%
• Apr 23, 2024Crude oil prices today: WTI above $83 on hopes for interest rate cuts+1.5%
• Apr 4, 2024Brent Oil Futures Hit $90 a Barrel for First Time Since October - Bloomberg+1.2%