Oil falls over 3% after data raises Fed interest rate 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.

• Sep 21, 2022Oil prices slide 1% after U.S. Fed raises interest rates-6.9%
• Feb 27, 2023Oil futures slip 1% on worries about more U.S. interest rate hikes | Reuters+4.5%
• Sep 18, 2024Oil prices fall as Fed rate cut stirs economic worries, storage report mixed | Reuters+0.3%
• May 11, 2023Oil falls 2% on weak US and Chinese economic data | Reuters+0.4%
• Jun 23, 2022Oil prices slump as investors fear Fed rate hikes will hurt demand | 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.

• Feb 27, 2023Oil futures slip 1% on worries about more U.S. interest rate hikes | Reuters+3.7%
• Sep 18, 2024Oil prices fall as Fed rate cut stirs economic worries, storage report mixed | Reuters+1.5%
• May 11, 2023Oil falls 2% on weak US and Chinese economic data | Reuters+0.5%
• Jun 23, 2022Oil prices slump as investors fear Fed rate hikes will hurt demand | Reuters+4.3%
• Feb 27, 2020Oil prices dive to lowest in over a year on coronavirus fears | Reuters-5.0%

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.

• Jun 16, 2021Dollar jumps after Fed pulls interest rate hikes into 2023 | Reuters+1.4%
• Feb 27, 2023Oil futures slip 1% on worries about more U.S. interest rate hikes | Reuters-0.7%
• Jul 30, 2025Gold falls over 1% after Fed keeps rates steady, strong US data-0.0%
• Jul 26, 2023Instant View: Fed raises interest rates, leaves door open to another increase | Reuters+0.6%
• Jun 27, 2018Sterling Falls As Dollar Rises, Doubts Return Over Interest Rate Rise - Babypips.com+0.0%