Oil up over weaker dollar amid uncertainties of OPEC+ next output move

After 487 past bullish macro events, WTI moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.

• Feb 1, 2017Oil Rises To 3-Week High as Dollar Slips, OPEC Cuts Output | Stock News & Stock Market Analysis - IBD-1.1%
• Jan 28, 2026Pound Near $1.38 Amid Broad Dollar Weakness+1.1%
• Dec 14, 2023U.S. crude oil rises 3% on weaker dollar, slightly improved 2024 demand outlook+6.9%
• Jan 31, 2022Canadian Dollar Climbs Amid Energy Rally, Weaker PPI+5.6%
• Aug 22, 2024Oil prices settle $1 up on hopes of a US Fed rate cut next month | Reuters+3.7%

After 323 past bullish macro events, BRENT moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.

• Jun 30, 2021Rupee weakens further amid strong dollar, rising oil prices - Daijiworld.com+0.1%
• Dec 14, 2023U.S. crude oil rises 3% on weaker dollar, slightly improved 2024 demand outlook+8.4%
• Aug 22, 2024Oil prices settle $1 up on hopes of a US Fed rate cut next month | Reuters+2.5%
• Oct 26, 2022Weak dollar, big U.S. crude exports buoy oil markets+2.4%
• May 28, 2025Oil gains on supply concerns, investors await July OPEC+ output decision+3.7%

After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• May 5, 2025Dollar weakens against major currencies as markets weigh tariff uncertainty+0.0%
• Feb 1, 2017Oil Rises To 3-Week High as Dollar Slips, OPEC Cuts Output | Stock News & Stock Market Analysis - IBD+0.2%
• Nov 18, 2020Sterling pushed up by weaker US dollar, hopes of Brexit deal | Malay Mail-0.2%
• Nov 21, 2023Gold marches ahead to the beat of a weaker US dollar-0.6%
• Jul 27, 2020Yen rises against weaker dollar-0.8%