# Oil Jumps Most in Six Weeks on Economic Data, Easing Weekly Loss - Bloomberg

> US crude futures rose 3.7% on Friday, their biggest gain since the September attacks on Saudi oil infrastructure, after unexpectedly strong US October hiring data. New Chinese manufacturing orders also rose at the fastest pace in over six years. Prices still fell over the week on slowing global growth concerns, abundant US crude stocks and trade talks.

- Date: 2019-10-31 · published 2019-10-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/56746-oil-jumps-most-in-six-weeks-on-economic-data-easing-weekly-loss-bloomberg
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Stronger US and Chinese economic data supports energy demand expectations, lifting crude and the diesel and fertilizer costs tied to it. Weekly losses show that trade-war risk still caps the rally.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-11-09 | [Oil Jumps With Vaccine News Igniting Hopes of Improved Demand - Bloomberg](https://feedsoft.ai/events/11790-oil-jumps-with-vaccine-news-igniting-hopes-of-improved-demand-bloomberg.md) | +8.0% | +23.5% |
| WTI | 2020-11-23 | [Oil Hits March High With Transition Stoking Rally Across Markets - Bloomberg](https://feedsoft.ai/events/50314-oil-hits-march-high-with-transition-stoking-rally-across-markets-bloomberg.md) | +7.6% | +13.6% |
| WTI | 2026-03-27 | [India's stock benchmarks post fifth straight weekly loss on continuing Iran war \| Reuters](https://feedsoft.ai/events/20453-india-s-stock-benchmarks-post-fifth-straight-weekly-loss-on-continuing-iran-war.md) | +17.8% | +1.5% |
| WTI | 2021-12-10 | [Canadian dollar set to end weekly losing streak as oil rallies \| Financial Post](https://feedsoft.ai/events/43855-canadian-dollar-set-to-end-weekly-losing-streak-as-oil-rallies-financial-post.md) | +2.1% | +11.4% |
| WTI | 2022-11-11 | [Oil jumps as China eases COVID curbs in potential boost to demand](https://feedsoft.ai/events/38851-oil-jumps-as-china-eases-covid-curbs-in-potential-boost-to-demand.md) | -5.6% | -17.9% |
| BRENT | 2020-11-09 | [Oil Jumps With Vaccine News Igniting Hopes of Improved Demand - Bloomberg](https://feedsoft.ai/events/11790-oil-jumps-with-vaccine-news-igniting-hopes-of-improved-demand-bloomberg.md) | +8.7% | +26.9% |
| BRENT | 2020-11-23 | [Oil Hits March High With Transition Stoking Rally Across Markets - Bloomberg](https://feedsoft.ai/events/50314-oil-hits-march-high-with-transition-stoking-rally-across-markets-bloomberg.md) | +7.1% | +17.7% |
| BRENT | 2026-04-01 | [Euro-Zone Inflation Jumps Most Since 2022 as War Drives Energy](https://feedsoft.ai/events/20370-euro-zone-inflation-jumps-most-since-2022-as-war-drives-energy.md) | -12.2% | -1.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-10-31/oil-set-for-weekly-drop-on-rising-saudi-output-and-trade-woes

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