Bursa Malaysia rallies as oil prices fall after US midterms

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.

• Feb 2, 2018Oil prices fall as US stock market slumps and dollar strengthens-6.3%
• Mar 19, 2021RM opens 120 bps lower amid falling oil prices, US yields spike-1.8%
• Sep 21, 2020Oil Prices Fall Amid Broad Selloff | Rigzone-2.9%
• Sep 20, 2023Oil prices ease 1% after US Fed warns of higher rates for longer-1.1%
• Dec 6, 2022Ringgit ends lower against US dollar as oil prices decline | Malay Mail-6.1%

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.

• Feb 2, 2018Oil prices fall as US stock market slumps and dollar strengthens-7.0%
• Sep 30, 2020Prices for vegetable oil are falling after oil quotations+3.7%
• Sep 21, 2020Oil Prices Fall Amid Broad Selloff | Rigzone-2.4%
• Sep 21, 2022Oil prices slide 1% after U.S. Fed raises interest rates-6.9%
• Apr 28, 2020Malaysian B20 Biodiesel Affected By Low Crude Oil Prices – MPOC+65.3%

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.

• Sep 21, 2020Oil Prices Fall Amid Broad Selloff | Rigzone-3.3%
• Nov 19, 2024What do Diesel and Gasoline Tell us About Oil Prices?-0.7%
• May 24, 2019Oil Falls As US-China Trade War, Demand Make 'Recipe for Disaster' - Business Insider-6.4%
• Mar 23, 2020From Asia to the U.S., fuel prices pummeled by coronavirus fallout+6.2%
• May 6, 2025Why oil prices are falling and what it means for the economy : NPR+6.7%