Oil Falls By Most in 6 Months as Recovery Falters

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.

• Apr 21, 2021Canadian dollar sees biggest drop in nearly 2 months as oil falls+0.7%
• Nov 19, 2025Canadian dollar falls the most in four months after key US data cancelled | Reuters-5.1%
• Jul 7, 2022Oil Posts Weekly Decline as Recession Fears Muddle the Outlook - Bloomberg-2.0%
• Oct 21, 2021Canadian dollar falls by most in three weeks as oil stumbles | Financial Post-1.9%
• Jan 2, 2024Canadian dollar falls the most in 3 months, weighed by soft factory data - The Globe and Mail-1.2%

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.

• Dec 4, 2022Oil falls over 3% after data raises Fed interest rate worries | Reuters-11.4%
• Oct 28, 2020Oil Falls As Rise In US Crude Stocks Fans Over-Supply Fears-3.8%
• Mar 9, 2020South Africa Rand (ZAR USD) Hammered by Falling Oil, Sentiment - Bloomberg-27.3%
• Mar 15, 2020Oil Slumps to Lowest Since 2016 as Demand Collapse Triggers Rout - Bloomberg-20.5%
• Mar 18, 2020Oil falls 24% in 3rd worst day on record, sinks to more than 18-year low-9.0%