U.S. crude oil falls more than 3% on inflation worries

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.

• Oct 14, 2022Oil prices fall more than 3% on recession worries-3.8%
• Mar 14, 2023Oil falls to three-month low on inflation worries, U.S. bank shutdowns-9.5%
• Oct 29, 2020Oil falls more than 3%, on track for worst week since April+4.6%
• Mar 18, 2020Oil falls 24% in 3rd worst day on record, sinks to more than 18-year low-18.5%
• Feb 27, 2023Oil futures slip 1% on worries about more U.S. interest rate hikes | Reuters+4.5%

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.

• Oct 14, 2022Oil prices fall more than 3% on recession worries-3.1%
• Mar 14, 2023Oil falls to three-month low on inflation worries, U.S. bank shutdowns-8.9%
• Oct 29, 2020Oil falls more than 3%, on track for worst week since April+5.1%
• Mar 18, 2020Oil falls 24% in 3rd worst day on record, sinks to more than 18-year low-9.0%
• Feb 27, 2023Oil futures slip 1% on worries about more U.S. interest rate hikes | Reuters+3.7%