Oil under pressure from U.S.-China trade war, but OPEC cuts provide support, ETAuto

After 80 past bearish trade events, Crude Oil (WTI) moved a median -2.2% over 5 sessions (30% higher; middle half -6.9% to +0.8%), and -1.5% over 20.

• Aug 23, 2018Oil slips as trade spat escalates; but crude stock decline supports U.S. crude+2.6%
• Jun 3, 2019Oil falls as trade fears offset expectations for prolonged supply cuts+0.9%
• Apr 8, 2025Oil settles down $1 at four-year low as US-China trade war escalates+1.5%
• May 31, 2019Oil Prices Slide on Trade Tensions and China Fears-6.9%
• Sep 7, 2020Oil falls after Saudi cuts prices, China slows imports-6.2%

After 12 past neutral trade events, Crude Oil (Brent) moved a median +2.3% over 5 sessions (75% higher; middle half +0.2% to +4.6%), and +4.7% over 20.

• Apr 4, 2018Oil down slightly; U.S. inventory draw offsets trade war fears+3.3%
• Oct 31, 2017Oil approaches 2-year highs but US export increase looms crude exports | The National+5.8%
• Apr 14, 2021China's Iranian oil buying spree crushes demand for Brazil, Angola crude+4.3%
• Apr 4, 2018Oil ends slightly lower on trade fears - MarketWatch+3.3%
• Sep 16, 2019U.S. crude export demand surges after attack on Saudi facilities+6.6%