US crude closes at highest level since 2015 as growing global demand supports market

After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.

• Jan 18, 2024Oil prices rise on global demand forecasts, US crude stock draw+3.5%
• Sep 27, 2017Surging Diesel Demand Is Underpinning Crude Oil’s Bull Market - Bloomberg-5.1%
• Nov 24, 2020Oil jumps 4%, hits highest level since March on vaccine optimism+3.7%
• Aug 12, 2020Daily Global Market Summary - 12 August 2020 | S&P Global+3.0%
• Oct 5, 2018Dry bulk FFA market: Capesizes find support in higher bunker prices-5.3%

After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.

• Jan 18, 2024Oil prices rise on global demand forecasts, US crude stock draw+3.6%
• Sep 15, 2026Dollar inches higher as 10-year Treasury yield climbs to highest since 2007 | MarketScreener UK-5.4%
• Apr 27, 2018Rising crude prices supportive to corn market - Brownfield Ag News+0.4%
• Sep 27, 2017Surging Diesel Demand Is Underpinning Crude Oil’s Bull Market - Bloomberg-2.4%
• Nov 24, 2020Oil jumps 4%, hits highest level since March on vaccine optimism+3.7%