# Oil steady as recession woes counter positive Chinese signals

> Oil prices were steady as recession worries offset positive Chinese policy signals. China eased policy loan conditions and kept its key rate unchanged, while the Fed was expected to keep raising rates into next year.

- Date: 2022-10-17 · published 2022-10-17T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/39285-oil-steady-as-recession-woes-counter-positive-chinese-signals
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Mixed demand signals leave crude prices range-bound, with limited direct effect on feed input costs in the near term.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-11-24 | [Canadian dollar steadies as investors cheer Fed’s dovish signal - Markets - Business Recorder](https://feedsoft.ai/events/38909-canadian-dollar-steadies-as-investors-cheer-fed-s-dovish-signal-markets.md) | -0.2% | -5.2% |
| BRENT | 2025-01-30 | [Oil Prices Hold Steady As Markets Await US Tariff Decisions, OPEC+ Meeting](https://feedsoft.ai/events/26669-oil-prices-hold-steady-as-markets-await-us-tariff-decisions-opec-meeting.md) | -2.8% | -4.9% |
| BRENT | 2026-01-01 | [COMMENTARY: China overtakes OPEC+ as the main oil price maker](https://feedsoft.ai/events/21669-commentary-china-overtakes-opec-as-the-main-oil-price-maker.md) | +2.6% | +16.0% |
| BRENT | 2025-05-26 | [Oil holds steady; market awaits clarity on OPEC+ next move](https://feedsoft.ai/events/24837-oil-holds-steady-market-awaits-clarity-on-opec-next-move.md) | +0.8% | +12.0% |
| BRENT | 2023-08-28 | [Commodities Week Ahead: After Fed, US Jobs Pose Next Challenge for Oil \| Investing.com](https://feedsoft.ai/events/34486-commodities-week-ahead-after-fed-us-jobs-pose-next-challenge-for-oil-investing.md) | +5.1% | +10.2% |
| WTI | 2020-07-30 | [Analysis: First Chinese gas contracts linked to international LNG prices signal oil-gas decoupling continues \| S&P Global](https://feedsoft.ai/events/52294-analysis-first-chinese-gas-contracts-linked-to-international-lng-prices-signal.md) | +2.6% | +5.1% |
| WTI | 2026-10-26 | [Rupee falls for third straight session, ends at 95.19 as oil prices and importer demand weigh](https://feedsoft.ai/events/17312-rupee-falls-for-third-straight-session-ends-at-95-19-as-oil-prices-and-importer.md) | -3.2% | — |
| WTI | 2026-01-01 | [COMMENTARY: China overtakes OPEC+ as the main oil price maker](https://feedsoft.ai/events/21669-commentary-china-overtakes-opec-as-the-main-oil-price-maker.md) | +0.8% | +13.0% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-bounces-higher-us-dollars-strength-eases-2022-10-17/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.