Oil prices gain 2% on falling U.S. stockpiles, Saudi warning

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.

• Nov 10, 2022Oil prices settle 1% higher on tepid U.S. inflation data | Reuters-0.2%
• Mar 20, 2026Sterling dips as oil rises, still set for weekly gain on hawkish BoE | Reuters-0.5%
• Aug 22, 2024Oil prices settle $1 up on hopes of a US Fed rate cut next month | Reuters+3.7%
• Jan 18, 2024Oil prices rise on global demand forecasts, US crude stock draw+3.6%
• Aug 4, 2017Oil prices rise after strong US jobs data; rising exports cap gains-1.0%

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.

• Nov 10, 2022Oil prices settle 1% higher on tepid U.S. inflation data | Reuters-0.1%
• Aug 22, 2024Oil prices settle $1 up on hopes of a US Fed rate cut next month | Reuters+2.5%
• Jan 18, 2024Oil prices rise on global demand forecasts, US crude stock draw+3.5%
• Aug 1, 2018Saudi Arabia Promised More Oil. So Why Are Prices Rising? (Published 2018)-1.0%
• Jan 27, 2025Renewed inflation worries help drive oil price rally | Reuters-2.1%

After 204 past macro events, ULSD / Diesel moved a median -0.7% over 5 sessions (43% higher; middle half -4.5% to +1.8%), and -0.1% over 20.

• Apr 27, 2020U.S. oil plunges 25%, Brent falls below $20 a barrel | Reuters+20.0%
• Oct 14, 2022Oil prices fall more than 3% on recession worries-7.6%
• Apr 25, 2023Sliding Diesel Prices Signal Warning for U.S. Economy-5.7%
• Aug 1, 2018Saudi Arabia Promised More Oil. So Why Are Prices Rising? (Published 2018)+1.5%
• Mar 9, 2020Shares sunk by coronavirus panic, oil prices plunge | Reuters-17.1%