Analysis: Global fuel prices jump as Asia, U.S. to rev up demand in 2Q

After 487 past bullish macro events, WTI moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.

• Jan 18, 2024Oil prices rise on global demand forecasts, US crude stock draw+3.6%
• Oct 22, 2021Global Gas Prices are Soaring to Record Highs. Here's Why.+0.2%
• Dec 28, 2016Diesel prices to start edging up in 2017 - Grainews+0.2%
• Nov 11, 2022Oil jumps as China eases COVID curbs in potential boost to demand-5.6%
• Jan 11, 2022Canadian dollar climbs to 2-month high as oil prices jump+9.3%

After 323 past bullish macro events, BRENT moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.

• Jan 18, 2024Oil prices rise on global demand forecasts, US crude stock draw+3.5%
• Oct 25, 2026Arab News | Oman import prices jump 11 . 7 % as fuel costs surge-1.7%
• Nov 11, 2022Oil jumps as China eases COVID curbs in potential boost to demand-3.8%
• Sep 24, 2021Worldwide energy shortage shows up in surging coal, gas and oil prices: Kemp+1.7%
• Oct 29, 2026India's top state refiner sees diesel and jet demand rising as ULSD heating oil sits at $4.77/gal — EnergyReader.io-5.4%

After 105 past bullish macro events, DIESEL moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% over 20.

• Dec 12, 2024Global diesel prices to rely on refinery closures for support in 2025+1.1%
• Jan 26, 2018Fast-growing global trade is boosting fuel demand-0.8%
• Sep 29, 2023GLOBAL LNG-Asia spot prices hit 7-month high on rising demand, Europe supply worries-12.8%
• Oct 25, 2026Arab News | Oman import prices jump 11 . 7 % as fuel costs surge-6.6%
• Jun 18, 2018Analysis: What Higher Fuel Prices Mean for Trucking | Heavy Duty Trucking+2.1%