WTI Futures Rise on US Stimulus Progress

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

• Oct 30, 2020Crude futures rise on ECB stimulus expectations, robust US economic data | S&P Global+7.3%
• Aug 25, 2023Oil futures up 1% to one-week high on soaring US diesel prices+5.3%
• Apr 25, 2024Oil Futures Up, Shake Off Weakness Spurred by GDP Surprise-4.2%
• Jan 18, 2024Oil prices rise on global demand forecasts, US crude stock draw+3.6%
• Feb 2, 2021Canadian dollar beats G10 rivals on rising U.S. stimulus hopes | Financial Post+8.2%

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

• Oct 30, 2020Crude futures rise on ECB stimulus expectations, robust US economic data | S&P Global+8.3%
• Apr 25, 2024Oil Futures Up, Shake Off Weakness Spurred by GDP Surprise-5.7%
• Jan 18, 2024Oil prices rise on global demand forecasts, US crude stock draw+3.5%
• Feb 1, 2019Oil rises on strong US jobs data and falling rig count-1.4%
• Jan 30, 2024Crude oil prices today: WTI, Brent rise after IMF forecast-5.5%