Oil falls to settle at 3-week low as Fed policy stance lifts dollar

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 2, 2023Oil tumbles 2% to 3-week low on strong dollar, profit taking-8.8%
• Feb 1, 2025Oil prices settle pennies higher, down for week as Trump touts energy policy-2.1%
• Jan 29, 2020Canadian dollar nears seven-week low as oil prices fall - The Globe and Mail-7.1%
• Nov 8, 2018Canadian dollar hits eight-week low as U.S. Fed affirms rate hike policy - The Globe and Mail-8.9%
• Oct 21, 2021Canadian dollar falls by most in three weeks as oil stumbles | Financial Post-1.9%

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 2, 2023Oil tumbles 2% to 3-week low on strong dollar, profit taking-9.8%
• Feb 1, 2025Oil prices settle pennies higher, down for week as Trump touts energy policy-2.9%
• Jul 30, 2024Oil prices slide 1%, settle at 7-week low on China worries-4.3%
• Oct 29, 2020Oil falls more than 3%, on track for worst week since April+5.1%
• Mar 17, 2023Oil prices settle down, post big weekly losses on bank fears | Reuters+1.6%