Oil prices extend fall after surprise inventory build(Update)

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.

• Nov 27, 2019Oil falls after surprise US inventory build - Profit by Pakistan Today+0.3%
• Sep 10, 2020Oil prices dip as inventory builds+5.6%
• Feb 7, 2018Oil hits one-month low after U.S. inventory build-6.6%
• Aug 3, 2022Oil falls to nearly 6-month lows after surprise U.S. crude, gasoline build-4.1%
• May 1, 2024Crude oil prices today: WTI falls to $79 on stockpile build, weak demand-4.3%

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.

• Nov 27, 2019Oil falls after surprise US inventory build - Profit by Pakistan Today-4.1%
• Sep 10, 2020Oil prices dip as inventory builds+3.3%
• Feb 7, 2018Oil hits one-month low after U.S. inventory build-6.7%
• May 1, 2024Crude oil prices today: WTI falls to $79 on stockpile build, weak demand-5.8%
• May 18, 2017CORRECTED-UPDATE 1-Oil drops on rising US crude inventories, defies expected supply cut extension+3.2%