Oil prices slid 2% as dollar firms and central banks hike interest rates

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%
• Jun 23, 2022Oil prices slump as investors fear Fed rate hikes will hurt demand | Reuters+4.5%
• Mar 20, 2026Grain Futures Slid As Oil Paused And The Dollar Firmed - Finimize-0.5%
• Oct 23, 2018Canadian dollar shakes off plunge in oil as investors brace for BoC rate hike - The Globe and Mail-3.2%
• May 31, 2018Oil Price Slides, Canadian Dollar Exchange Rates Side With It | Exchange Rates UK-5.1%

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.

• Jun 23, 2022Oil prices slump as investors fear Fed rate hikes will hurt demand | Reuters+4.3%
• Mar 20, 2026Grain Futures Slid As Oil Paused And The Dollar Firmed - Finimize+0.8%
• May 31, 2018Oil Price Slides, Canadian Dollar Exchange Rates Side With It | Exchange Rates UK-3.1%
• Feb 2, 2018Oil prices fall as US stock market slumps and dollar strengthens-6.3%
• Mar 7, 2023Oil and Gold Prices Slump As Powell Signals Further Rate Hikes to Come - Markets Insider-6.7%

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.

• Sep 23, 2021Gold prices ease as dollar firms on Fed rate hike comments | Financial Post+1.0%
• Nov 2, 2017Pound sterling (GBP) plunges against the dollar (USD) and euro (EUR) as Bank hikes interest rates-0.1%
• May 1, 2026Dollar gains as Iran war keeps central banks in wait-and-see mode-0.6%
• May 13, 2020Dollar up as Powell downplays chances of negative U.S. interest rates | Financial Post-0.4%
• Mar 20, 2026Grain Futures Slid As Oil Paused And The Dollar Firmed - Finimize+0.2%