Oil falls 1% after Fed rate hike, smaller-than-expected US crude stockdraw

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.

• Aug 15, 2018Oil prices sink after big, unexpected jump in US crude stockpiles+0.4%
• Jun 5, 2019Oil sinks as US crude stockpiles unexpectedly surge-0.4%
• May 30, 2019Oil falls to 2-month lows on small US crude stock draw, trade war worries | Fox Business-12.3%
• May 18, 2017CORRECTED-UPDATE 1-Oil drops on rising US crude inventories, defies expected supply cut extension+4.2%
• Aug 3, 2022Oil falls to nearly 6-month lows after surprise U.S. crude, gasoline build-4.1%

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.

• Aug 15, 2018Oil prices sink after big, unexpected jump in US crude stockpiles+0.7%
• Jun 5, 2019Oil sinks as US crude stockpiles unexpectedly surge+0.3%
• May 30, 2019Oil falls to 2-month lows on small US crude stock draw, trade war worries | Fox Business-12.4%
• May 18, 2017CORRECTED-UPDATE 1-Oil drops on rising US crude inventories, defies expected supply cut extension+3.2%
• Feb 7, 2018Oil prices tank as US crude and fuel stockpiles jump-6.7%