Oil prices slump as investors fear Fed rate hikes will hurt demand

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.

• May 19, 2021Oil prices dive $2 on fears of Asian pandemic, possible U.S. rate hikes | Reuters+1.1%
• Sep 18, 2024Oil prices fall as Fed rate cut stirs economic worries, storage report mixed | Reuters+0.3%
• Mar 7, 2023Oil and Gold Prices Slump As Powell Signals Further Rate Hikes to Come - Markets Insider-7.1%
• Mar 2, 2022Oil price spike could prompt demand slump, MUFG analysis suggests | Reuters+19.4%
• Dec 15, 2022Oil prices slid 2% as dollar firms and central banks hike interest rates+1.3%

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.

• May 19, 2021Oil prices dive $2 on fears of Asian pandemic, possible U.S. rate hikes | Reuters-0.2%
• Sep 18, 2024Oil prices fall as Fed rate cut stirs economic worries, storage report mixed | Reuters+1.5%
• Mar 7, 2023Oil and Gold Prices Slump As Powell Signals Further Rate Hikes to Come - Markets Insider-6.7%
• Mar 2, 2022Oil price spike could prompt demand slump, MUFG analysis suggests | Reuters+21.0%
• Dec 15, 2022Oil prices slid 2% as dollar firms and central banks hike interest rates-2.2%