DM Real GDP and WTI Crude Oil (Leading Indicator) Chart suggesting that the 18-month rate of change of WTI crude oil (inverted) tends to lead DM real GDP by 18 months. Image: Topdown Charts

U.S. Seaborne Imports of Crude Oil by Origin The United States is also less dependent on foreign oil supply than it was a decade ago. Image: Financial Times

U.S. Trade Balance in Crude Oil and Petroleum Products The United States becomes a net exporter of crude oil and petroleum products. Image: Financial Times

Crude Oil vs. Managed Money Short Positions Chart suggesting that oil could rise, when managed money short positions are so extreme. Image: Ned Davis Research, Stifel

ISM Composite PMI vs. Crude Oil Interesting chart showing that the correlation between the ISM Composite PMI and crude oil is up to 75% since 2015. Image: Lohman Econometrics

Imports of Saudi Arabian Crude Oil In 2018, the U.S. imported $21.9 billion of crude oil from Saudi Arabia. Image: The Washington Post

Global GDP and Brent Crude Oil Price High oil prices can cause recessions. Image: MarketWatch

Top Three Crude Oil Producers Chart showing that the U.S. is the world’s biggest oil producer and has surpassed Russia and Saudi Arabia. Image: Deutsche Bank Global Research

U.S. Gross Oil Total Imports and Exports of Crude Oil The United States has surpassed Russia and Saudi Arabia, and is the world’s biggest oil producer. Image: Pictet Wealth Management

The Trade War Effect on Crude Oil This chart shows Chinese imports of crude oil from U.S.. Image: Capital Economics