Oil slides 2%, posts second weekly decline as supply fears recede

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.

• Jul 8, 2022Oil rises 2% but posts weekly loss on recession fears-5.1%
• Mar 17, 2023Oil prices settle down, post big weekly losses on bank fears | Reuters+1.6%
• Jan 27, 2025Oil hits 2-week low as China's DeepSeek AI spurs demand fears | Reuters-2.1%
• Jul 6, 2022Oil slides 2% to 12-week low on fears of global recession-3.2%
• Jun 23, 2022Oil prices slump as investors fear Fed rate hikes will hurt demand | Reuters+4.3%

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.

• Jul 7, 2022Oil Posts Weekly Decline as Recession Fears Muddle the Outlook - Bloomberg-2.0%
• Jul 8, 2022Oil rises 2% but posts weekly loss on recession fears-6.6%
• Mar 17, 2023Oil prices settle down, post big weekly losses on bank fears | Reuters+2.4%
• Nov 18, 2022Canadian dollar extends weekly decline as oil prices slide | Financial Post-6.5%
• 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.

• May 26, 2023C$ posts weekly decline as investors eye higher U.S. rates | Financial Post-0.7%
• May 11, 2023Oil falls 2% on weak US and Chinese economic data | Reuters+0.9%
• Oct 27, 2023Sterling set for weekly declines on dollar and euro, buffeted - Markets - Business Recorder-0.9%
• Sep 26, 2025Pound sees biggest weekly fall since July; UK fiscal and macro worries collide | Reuters-0.1%
• Aug 28, 2026Dollar jumps after Warsh comments, set for weekly gain | Reuters-0.2%