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13:54 · 29 August 2018

A closer look at past DOE inventory reactions for Oil.WTI

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With just over 30 minutes to go until the weekly DOE inventory release let’s look at the past 5 releases and see what impact it had on the market for Oil.WTI.

15 minutes after the last 5 releases the average size of the move has been 44.4 ticks with a mean move of +8. As you’d expect looking at the 4 hour timeframe  the average moves have been larger, an an absolute move of 79.2 ticks with a mean of -70. Please note the average absolute move doesn’t take into account whether it was positive or negative whereas the mean does.

 

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