JPMorgan, HSBC say oil supplies are recovering from Middle East disruption

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.

• Oct 15, 2024Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens-5.4%
• Dec 12, 2023Oil falls more than 3% on softening demand, oversupply concerns | Reuters+3.3%
• Jul 4, 2023Why are OPEC+ supply cuts failing to boost oil prices?+4.3%
• Oct 14, 2022Oil prices fall more than 3% on recession worries-3.1%
• Aug 20, 2020Oil falls on OPEC+ oversupply, US jobless data - Markets - Business Recorder+0.9%

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.

• Oct 15, 2024Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens-5.8%
• Aug 28, 2026Dollar Strength and Increased Middle East Oil Flows Weigh on Crude Prices+9.2%
• Dec 12, 2023Oil falls more than 3% on softening demand, oversupply concerns | Reuters+1.7%
• Jul 4, 2023Why are OPEC+ supply cuts failing to boost oil prices?+7.3%
• Jul 5, 2022U.S. oil just tumbled below $100 a barrel — What that says about recession fears and tight crude supplies - MarketWatch-3.9%