Oil Crashes to 18-Year Low With Broken Market Drowning in Crude

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.

• Feb 26, 2020Crude Sinks to Lowest in a Year as Coronavirus Panic Increases - Bloomberg-5.2%
• Mar 10, 2020Fear in the Market Drives Dow and Crude Oil Lower, Drags Ag Markets Along | Hoosier Ag Today-7.1%
• Sep 7, 2020Brent Crude Tumbles Below $40 in Wake of Souring Demand Outlook - Bloomberg-6.2%
• Feb 2, 2026Metals, crude oil dive in broad commodities market tumble | Reuters-1.6%
• Mar 18, 2020Oil falls 24% in 3rd worst day on record, sinks to more than 18-year low-18.5%

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.

• Feb 26, 2020Crude Sinks to Lowest in a Year as Coronavirus Panic Increases - Bloomberg-5.6%
• Sep 7, 2020Brent Crude Tumbles Below $40 in Wake of Souring Demand Outlook - Bloomberg-6.1%
• Feb 2, 2026Metals, crude oil dive in broad commodities market tumble | Reuters-3.1%
• Mar 18, 2020Oil falls 24% in 3rd worst day on record, sinks to more than 18-year low-9.0%
• Feb 24, 2020Oil slides into bear market territory, posting worst day in more than a month-13.0%