Crude Prices Weaken on Dollar Strength and Global Surplus Prospects

After 588 past bearish macro events, Crude Oil (WTI) moved a median -2.0% over 5 sessions (39% higher; middle half -5.7% to +2.7%), and -0.5% over 20.

• Nov 9, 2026Dollar Falls on Stock Strength and Crude Oil Weakness-4.1%
• Aug 28, 2026Dollar Strength and Increased Middle East Oil Flows Weigh on Crude Prices+9.2%
• Jul 30, 2024Crude Prices Retreat on the Prospects of Weaker Chinese Energy Demand-3.7%
• Nov 7, 2023Canadian dollar weakens despite wider trade surplus - The Globe and Mail-3.2%
• Feb 15, 2023Canadian dollar weakens as U.S. data boosts Fed rate hike prospects - The Globe and Mail-6.5%