Stocks, crude plunge on economic data, oil oversupply

After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% over 20.

• Oct 28, 2021Oil declines from multi-year-highs over build in US crude stocks-2.2%
• Jun 5, 2019Oil sinks as US crude stockpiles unexpectedly surge-0.4%
• Oct 1, 2019Oil slides 2.5% as US inventories build, weak economic data weighs-2.5%
• May 1, 2024Crude oil prices today: WTI falls to $79 on stockpile build, weak demand-4.3%
• Feb 12, 2018OPEC hikes 2018 forecast for oil supply growth on a flood of US crude+4.4%

After 129 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (45% higher; middle half -3.9% to +2.5%), and +0.4% over 20.

• Oct 28, 2021Oil declines from multi-year-highs over build in US crude stocks-3.3%
• Jun 5, 2019Oil sinks as US crude stockpiles unexpectedly surge+0.3%
• Oct 1, 2019Oil slides 2.5% as US inventories build, weak economic data weighs-3.3%
• May 1, 2024Crude oil prices today: WTI falls to $79 on stockpile build, weak demand-5.8%
• Feb 12, 2018OPEC hikes 2018 forecast for oil supply growth on a flood of US crude+2.6%