# Crude futures rise on ECB stimulus expectations, robust US economic data | S&P Global

> Crude futures rose in Asian trade on October 30 after the prior day's plunge. Traders bought the dip, and a strong US third-quarter GDP rebound and signals of a possible ECB stimulus package in December supported prices. Brent December was up 0.66% at $37.90 a barrel.

- Date: 2020-10-30 · published 2020-10-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/50820-crude-futures-rise-on-ecb-stimulus-expectations-robust-us-economic-data-s-and-p
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of stimulus and firmer economic data support energy and risk sentiment, which can offset some of the demand pressure on biofuel feedstocks.

## Read by commodity

- DXY: neutral
- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-08-10 | [WTI Futures Rise on US Stimulus Progress](https://feedsoft.ai/events/51787-wti-futures-rise-on-us-stimulus-progress.md) | +1.3% | -5.3% |
| BRENT | 2024-01-18 | [Oil prices rise on global demand forecasts, US crude stock draw](https://feedsoft.ai/events/32278-oil-prices-rise-on-global-demand-forecasts-us-crude-stock-draw.md) | +3.5% | +5.9% |
| BRENT | 2021-08-24 | [Crude oil futures extend gains after overnight vault as outlook improves \| S&P Global](https://feedsoft.ai/events/12114-crude-oil-futures-extend-gains-after-overnight-vault-as-outlook-improves-s-and.md) | +5.7% | +7.0% |
| BRENT | 2023-03-31 | [Oil Rises On Cooling US Inflation, Lower Global Supplies](https://feedsoft.ai/events/37043-oil-rises-on-cooling-us-inflation-lower-global-supplies.md) | +8.8% | +2.0% |
| BRENT | 2019-02-01 | [Oil rises on strong US jobs data and falling rig count](https://feedsoft.ai/events/60760-oil-rises-on-strong-us-jobs-data-and-falling-rig-count.md) | -1.4% | +5.4% |
| WTI | 2020-08-10 | [WTI Futures Rise on US Stimulus Progress](https://feedsoft.ai/events/51787-wti-futures-rise-on-us-stimulus-progress.md) | +2.1% | -3.6% |
| WTI | 2024-01-18 | [Oil prices rise on global demand forecasts, US crude stock draw](https://feedsoft.ai/events/32278-oil-prices-rise-on-global-demand-forecasts-us-crude-stock-draw.md) | +3.6% | +5.8% |
| WTI | 2021-08-24 | [Crude oil futures extend gains after overnight vault as outlook improves \| S&P Global](https://feedsoft.ai/events/12114-crude-oil-futures-extend-gains-after-overnight-vault-as-outlook-improves-s-and.md) | +5.5% | +7.4% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/103020-crude-futures-rise-on-ecb-stimulus-expectations-robust-us-economic-data

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.