Oil prices dip as inventory builds

After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% over 20.

• Oct 30, 2019Oil prices extend fall after surprise inventory build(Update) | The Star+3.1%
• Feb 7, 2018Oil hits one-month low after U.S. inventory build-6.6%
• May 3, 2017U.S. oil inventories dip, but gasoline builds amid weak demand: EIA By Reuters-3.8%
• Apr 15, 2020Oil drops on record inventory build, supply concerns-32.0%
• Oct 1, 2019Oil slides 2.5% as US inventories build, weak economic data weighs-2.5%

After 129 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (45% higher; middle half -3.9% to +2.5%), and +0.4% over 20.

• Oct 30, 2019Oil prices extend fall after surprise inventory build(Update) | The Star+2.5%
• Feb 7, 2018Oil hits one-month low after U.S. inventory build-6.7%
• May 3, 2017U.S. oil inventories dip, but gasoline builds amid weak demand: EIA By Reuters-4.0%
• Apr 15, 2020Oil drops on record inventory build, supply concerns-47.7%
• Oct 1, 2019Oil slides 2.5% as US inventories build, weak economic data weighs-3.3%