Oil steadies after gains driven by trade optimism

After 16 past bullish trade events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (81% higher; middle half +0.5% to +4.8%), and +5.9% over 20.

• Jan 4, 2019Oil prices rise on US-China trade talks and OPEC cuts+11.9%
• Jan 13, 2026Brent Rises After US Imposes Tariffs on Iran's Allies+1.4%
• Jan 9, 2019Oil rises more than 2 pct on U.S.-China trade talk hope+3.2%
• Jun 18, 2019Oil rallies as progress toward a trade deal eases demand worries - MarketWatch+5.3%
• Dec 3, 2018Oil up 4 pct on trade truce, expected supply cuts+6.0%

After 36 past bullish trade events, Crude Oil (WTI) moved a median +1.6% over 5 sessions (69% higher; middle half -2.0% to +4.5%), and +0.7% over 20.

• May 7, 2026Record oil exports could drive U.S. diesel and gas supply shortages just as summer travel starts - MarketWatch+6.0%
• May 9, 2025Market Talk | Trade Optimism While Energy Prices Continue To Rally+2.9%
• Feb 18, 2020China takes steps to make good on trade deal-1.3%
• Jan 4, 2019Oil prices rise on US-China trade talks and OPEC cuts+11.7%
• Jan 9, 2019Oil rises more than 2 pct on U.S.-China trade talk hope+4.5%