Oil Plunges in Worst Reaction to OPEC Since 2014 on Demand Woes

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.

• Mar 15, 2020Oil Slumps to Lowest Since 2016 as Demand Collapse Triggers Rout - Bloomberg-35.6%
• Feb 28, 2020Palm oil heads for worst week in 11 years on demand destruction | The Star-2.6%
• Oct 15, 2024Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens-5.8%
• Mar 18, 2020Oil falls 24% in 3rd worst day on record, sinks to more than 18-year low-18.5%
• Sep 7, 2020Brent Crude Tumbles Below $40 in Wake of Souring Demand Outlook - Bloomberg-6.2%

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.

• Mar 15, 2020Oil Slumps to Lowest Since 2016 as Demand Collapse Triggers Rout - Bloomberg-20.5%
• Feb 28, 2020Palm oil heads for worst week in 11 years on demand destruction | The Star-3.0%
• Oct 15, 2024Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens-5.4%
• Mar 18, 2020Oil falls 24% in 3rd worst day on record, sinks to more than 18-year low-9.0%
• Sep 7, 2020Brent Crude Tumbles Below $40 in Wake of Souring Demand Outlook - Bloomberg-6.1%