{"id":1667182,"date":"2026-03-02T19:20:00","date_gmt":"2026-03-03T00:20:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1667182"},"modified":"2026-03-02T19:20:00","modified_gmt":"2026-03-03T00:20:00","slug":"only-the-38th-largest-oil-spike-since-1990","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/only-the-38th-largest-oil-spike-since-1990\/1667182\/","title":{"rendered":"Only The 38th Largest Oil Spike Since 1990"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">Only The 38th Largest Oil Spike Since 1990<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>Today\u2019s CoTD from DB&#8217;s Jim Reid shows the daily price of oil back to 1990. When he published the report, oil (+8.4%) was tracking to be the 38th biggest daily gain over this 36-year period. The graph annotates the clusters where we have seen larger moves.<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/DB%20oil%20move.png?itok=b15o2SH0\"><\/a><\/p>\n<p>So even though it\u2019s a big move, <strong>to get into the top 20, 10 and 5 it would need to be up +9.6%, +13.6% and +13.9% respectively<\/strong>.<\/p>\n<p>There were huge moves around the GFC and Covid-19 turmoil, whilst the Gulf War in 1990-91 also saw several double-digit gains.<\/p>\n<p>Incidentally, <strong>since Jim published his chart of the day, oil has sold off more<\/strong>, and at last check it was up just 5.7% on the day, erasing its kneejerk spike by more than half.<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/wti%202026-03-02_14-14-18.jpg?itok=YRkF7K8Q\"><\/a><\/p>\n<p>Going forward, Reid says that much will depend on the Strait of Hormuz.<\/p>\n<p>It seems it\u2019s not officially closed but passage through it would be hazardous at the moment with self-imposed restrictions from virtually all that normally travel through it.<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Mon, 03\/02\/2026 &#8211; 14:20<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/energy\/only-38th-largest-oil-spike-1990\" target=\"_blank\" class=\"\">https:\/\/www.zerohedge.com\/energy\/only-38th-largest-oil-spike-1990<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Only The 38th Largest Oil Spike Since 1990 Today\u2019s CoTD from DB&#8217;s Jim Reid shows the daily price of oil back to 1990. When he&#8230;<\/p>\n","protected":false},"author":0,"featured_media":1667183,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1667182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1667182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1667182"}],"version-history":[{"count":1,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1667182\/revisions"}],"predecessor-version":[{"id":1667190,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1667182\/revisions\/1667190"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1667183"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1667182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1667182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1667182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}