Oil Futures Sell-Off as Evidence of Economic Slowdown Mount

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.

• Dec 24, 2018Oil plunges 6 percent as economic slowdown fears grip market-0.5%
• May 3, 2024Oil Slumps as Macroeconomic Data Highlight Demand Slowdown+0.4%
• Oct 30, 2018Oil prices fall as economic outlook deteriorates: Kemp-5.8%
• May 1, 2023Oil drops 1% as economic growth concerns offset OPEC+ cuts-7.1%
• Dec 20, 2018Oil prices tumble to lowest in more than a year as equities sell off-6.7%

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 24, 2018Oil plunges 6 percent as economic slowdown fears grip market-1.3%
• Oct 30, 2018Oil prices fall as economic outlook deteriorates: Kemp-5.8%
• May 1, 2023Oil drops 1% as economic growth concerns offset OPEC+ cuts-6.0%
• Dec 20, 2018Oil prices tumble to lowest in more than a year as equities sell off-8.1%
• Sep 18, 2024Oil prices fall as Fed rate cut stirs economic worries, storage report mixed | Reuters+1.5%

After 79 past bearish macro events, ULSD / Diesel moved a median -1.0% over 5 sessions (39% higher; middle half -5.7% to +1.7%), and -1.5% over 20.

• Apr 6, 2023Global diesel prices fall as economic slowdown intensifies-2.0%
• May 3, 2024Oil Slumps as Macroeconomic Data Highlight Demand Slowdown+1.3%
• May 29, 2019: Global economic slowdown hits diesel consumption - Kemp-8.6%
• Dec 10, 2025Diesel Futures Slide as ULSD Market Weakens and Inventories Rise Across Global Oil Markets - oftrb.com-5.9%
• Sep 21, 2020Oil Prices Fall Amid Broad Selloff | Rigzone-3.3%