Oil falls 2% on weak US and Chinese economic data

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 24, 2023Oil drops for third straight session on weak European economic data | Reuters-2.0%
• Dec 4, 2022Oil falls over 3% after data raises Fed interest rate worries | Reuters-11.4%
• Sep 18, 2024Oil prices fall as Fed rate cut stirs economic worries, storage report mixed | Reuters+1.5%
• Aug 20, 2020Oil falls on OPEC+ oversupply, US jobless data - Markets - Business Recorder+0.9%
• Jan 27, 2025Oil hits 2-week low as China's DeepSeek AI spurs demand fears | Reuters-2.1%

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 24, 2023Oil drops for third straight session on weak European economic data | Reuters-3.2%
• Dec 4, 2022Oil falls over 3% after data raises Fed interest rate worries | Reuters-11.1%
• Sep 18, 2024Oil prices fall as Fed rate cut stirs economic worries, storage report mixed | Reuters+0.3%
• Aug 20, 2020Oil falls on OPEC+ oversupply, US jobless data - Markets - Business Recorder+0.8%
• Jan 27, 2025Oil hits 2-week low as China's DeepSeek AI spurs demand fears | Reuters-2.8%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Oct 29, 2024Dollar peaks against yen ahead of US election and economic data | Reuters-0.2%
• Jun 25, 2024US dollar advances after hawkish Fed comment, economic data | Reuters+0.6%
• Aug 28, 2024US dollar advances on month-end demand; focus on economic data+0.5%
• Dec 4, 2022Oil falls over 3% after data raises Fed interest rate worries | Reuters+0.3%
• Oct 29, 2024Rupiah Potentially Weakens Driven by US Economic Data-0.2%