Freight, Mideast Supply Drive Atlantic Basin Crude Glut

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 28, 2020Oil Falls As Rise In US Crude Stocks Fans Over-Supply Fears-3.8%
• Sep 29, 2025Oil falls on concerns another OPEC+ supply boost will swell glut - CNBC TV18-7.5%
• Mar 17, 2020Brent crude sinks below $30 a barrel as recession fears weigh-12.6%
• Oct 20, 2025Brent oil structure, physical markets reflect fears of supply glut | Reuters+7.5%
• Sep 27, 2019Rupee rallies to nearly 2-month high as crude subsides | Rupee rallies to nearly 2-month high as crude subsides-7.3%

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 28, 2020Oil Falls As Rise In US Crude Stocks Fans Over-Supply Fears-4.8%
• Aug 28, 2026Dollar Strength and Increased Middle East Oil Flows Weigh on Crude Prices+9.2%
• Sep 29, 2025Oil falls on concerns another OPEC+ supply boost will swell glut - CNBC TV18-7.3%
• Apr 21, 2020Chaotic overnight crude oil mart sends RM lower at opening-32.4%
• Jul 5, 2022U.S. oil just tumbled below $100 a barrel — What that says about recession fears and tight crude supplies - MarketWatch-3.9%