Oil Drops to Lowest Since OPEC Deal, U.S. Crude Below $50/bbl

After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% over 20.

• Aug 3, 2022Oil Plunges to Lowest Since February as US Gasoline Demand Drops-4.1%
• May 30, 2019Oil falls to 2-month lows on small US crude stock draw, trade war worries | Fox Business-12.3%
• Mar 8, 2017Oil Drops Below $50 for First Time Since December on Supply Glut - Bloomberg-10.3%
• Sep 23, 2018OPEC raises U.S. oil supply outlook, sees lower demand for own crude+3.4%
• Mar 9, 2017WTI oil prices fall below $50 for first time since December-2.9%

After 129 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (45% higher; middle half -3.9% to +2.5%), and +0.4% over 20.

• May 30, 2019Oil falls to 2-month lows on small US crude stock draw, trade war worries | Fox Business-12.4%
• Mar 8, 2017Oil Drops Below $50 for First Time Since December on Supply Glut - Bloomberg-9.1%
• Sep 23, 2018OPEC raises U.S. oil supply outlook, sees lower demand for own crude+4.9%
• Mar 9, 2017WTI oil prices fall below $50 for first time since December-3.7%
• Sep 2, 2020Oil drops 3% to one-month low on weak U.S. gasoline demand-14.2%