Oil jumps as China eases COVID curbs in potential boost to demand

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.

• Feb 1, 2021Analysis: Global fuel prices jump as Asia, U.S. to rev up demand in 2Q+6.9%
• Nov 16, 2020Oil jumps 4 percent on upbeat COVID-19 vaccine news | Oil and Gas News | Al Jazeera+5.3%
• Jun 30, 2017Canadian Dollar Exchange Rates Boosted As GDP Comes In On Forecast And Oil Boosts The CAD+2.3%
• Aug 24, 2021The Commodities Feed: USD provides a boost to the complex | snaps | ING THINK+5.7%
• Oct 31, 2019Oil Jumps Most in Six Weeks on Economic Data, Easing Weekly Loss - Bloomberg+2.5%

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.

• May 31, 2021CAD boosted by jump in oil prices - OFX (CA)+4.4%
• Feb 1, 2021Analysis: Global fuel prices jump as Asia, U.S. to rev up demand in 2Q+8.9%
• Nov 16, 2020Oil jumps 4 percent on upbeat COVID-19 vaccine news | Oil and Gas News | Al Jazeera+5.1%
• Jun 30, 2017Canadian Dollar Exchange Rates Boosted As GDP Comes In On Forecast And Oil Boosts The CAD-1.5%
• Aug 23, 2022Canadian dollar snaps losing streak as oil prices jump | Financial Post+5.3%