Saudi Oil Rebounds: HSBC Raises Outlook as Exports Near Pre-War Levels

After 80 past bearish trade events, Crude Oil (WTI) moved a median -2.2% over 5 sessions (30% higher; middle half -6.9% to +0.8%), and -1.5% over 20.

• Aug 5, 2019Oil falls 3% as trade war concerns hit demand outlook-2.2%
• Sep 7, 2020Oil falls after Saudi cuts prices, China slows imports-6.2%
• Jun 3, 2019Oil falls as trade worries mount, Saudi comments limit losses+0.9%
• Apr 6, 2025Oil prices slide 2% to near 4-year low as US trade conflict fuels recession fears | Reuters-0.8%
• Oct 31, 2017Oil approaches 2-year highs but US export increase looms crude exports | The National+5.9%

After 56 past bearish trade events, Crude Oil (Brent) moved a median -5.6% over 5 sessions (20% higher; middle half -9.0% to -1.7%), and -4.5% over 20.

• Aug 5, 2019Oil falls 3% as trade war concerns hit demand outlook-5.8%
• Sep 7, 2020Oil falls after Saudi cuts prices, China slows imports-6.1%
• Jun 3, 2019Oil falls as trade worries mount, Saudi comments limit losses-2.9%
• Apr 6, 2025Oil prices slide 2% to near 4-year low as US trade conflict fuels recession fears | Reuters-1.7%
• May 29, 2019Oil prices drop as trade war worries outweigh supply disruptions-10.5%