Oil drops nearly 4% to end the week lower, snapping four-week win streak

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.

• Jun 17, 2022Oil slumps 6%, snaps seven week winning streak-8.6%
• Mar 16, 2023Oil slumps nearly 5% to lowest in more than a year as banking fears mount+3.2%
• Oct 2, 2023Oil tumbles 2% to 3-week low on strong dollar, profit taking-9.8%
• Oct 1, 2020Oil dips nearly 4% on weak demand outlook and higher OPEC output+1.7%
• Dec 19, 2024Oil Notches Weekly Loss on Tariff Risk, Fed’s Slower Easing Path-0.8%

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.

• Jun 17, 2022Oil slumps 6%, snaps seven week winning streak-7.6%
• Oct 18, 2018Ringgit snaps 2-day gaining streak to end lower vs US dollar | FMT-4.3%
• Mar 16, 2023Oil slumps nearly 5% to lowest in more than a year as banking fears mount+4.9%
• May 26, 2018Loonie sinks to two-week low: Is this the start of another big drop? | CBC News-4.6%
• Feb 28, 2020US Dollar Index drops to 3-week lows near 98.40 ahead of US docket — Octa-2.6%