Oil falls 2% as Fed rate hike talk spooks risk markets

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.

• Sep 21, 2022WTI Falls as USD Spikes to 20-Year High after Fed Rate Hike-6.9%
• Jun 15, 2017Fed rate hike draws mixed response from global markets-5.1%
• Jul 12, 2022Oil falls 8% as global recession fears spook market | Oil and Gas News | Al Jazeera-1.5%
• Jul 1, 2023Oil drops 1.5% as Fed projects more rate hikes this year+3.4%
• Mar 7, 2023Oil and Gold Prices Slump As Powell Signals Further Rate Hikes to Come - Markets Insider-7.1%

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 28, 2026Sterling slips as oil slides, US rate hike bets grow | MarketScreener UK+2.6%
• Jun 15, 2017Fed rate hike draws mixed response from global markets-3.3%
• Jul 12, 2022Oil falls 8% as global recession fears spook market | Oil and Gas News | Al Jazeera+0.7%
• Jul 1, 2023Oil drops 1.5% as Fed projects more rate hikes this year+5.2%
• Mar 7, 2023Oil and Gold Prices Slump As Powell Signals Further Rate Hikes to Come - Markets Insider-6.7%

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.

• Jul 28, 2026Sterling slips as oil slides, US rate hike bets grow | MarketScreener UK-0.9%
• Nov 10, 2018Gold falls to one-month low as Fed affirms rate-hiking stance-0.4%
• Jul 1, 2023Oil drops 1.5% as Fed projects more rate hikes this year-0.3%
• Jul 31, 2019Gold falls as Fed rate outlook disappoints+0.9%
• Oct 28, 2022Gold down 1% as dollar, yields rise on Fed rate-hike bets+1.2%