Oil loses about 2% on swelling US stockpiles, demand worries

After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% over 20.

• May 30, 2019Oil falls to 2-month lows on small US crude stock draw, trade war worries | Fox Business-12.3%
• Mar 18, 2021Oil Markets: U.S. stockpile build, demand worries-5.3%
• May 21, 2019Oil Dragged Down by Swelling U.S. Stockpiles and Trade Tensions - Bloomberg-7.3%
• Mar 8, 2017Oil falls to near 2 month lows amid fresh stockpile worries-10.3%
• May 1, 2024Crude oil prices today: WTI falls to $79 on stockpile build, weak demand-4.3%

After 129 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (45% higher; middle half -3.9% to +2.5%), and +0.4% over 20.

• May 30, 2019Oil falls to 2-month lows on small US crude stock draw, trade war worries | Fox Business-12.4%
• Mar 18, 2021Oil Markets: U.S. stockpile build, demand worries-5.6%
• May 21, 2019Oil Dragged Down by Swelling U.S. Stockpiles and Trade Tensions - Bloomberg-3.4%
• Mar 8, 2017Oil falls to near 2 month lows amid fresh stockpile worries-9.1%
• May 1, 2024Crude oil prices today: WTI falls to $79 on stockpile build, weak demand-5.8%