Oil prices fall due to recession 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.

• Oct 14, 2022Oil prices fall more than 3% on recession worries-3.8%
• Dec 24, 2018Plunging oil prices show the market is worried about 2019 recession-0.5%
• Aug 21, 2019Weekly Pricing Pulse: Recession worries undercut commodity prices-2.2%
• Apr 4, 2025Oil falls to near 4-year low amid recession fears, OPEC+ production hikes-10.2%
• Jun 9, 2023Falling commodity prices stoke fear of global recession-0.9%

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.

• Oct 14, 2022Oil prices fall more than 3% on recession worries-3.1%
• Dec 24, 2018Plunging oil prices show the market is worried about 2019 recession-1.3%
• Apr 4, 2025Oil falls to near 4-year low amid recession fears, OPEC+ production hikes-9.8%
• Sep 18, 2024Oil prices fall as Fed rate cut stirs economic worries, storage report mixed | Reuters+1.5%
• Jul 6, 2022Oil slides 2% to 12-week low on fears of global recession-3.2%