Hedge funds slash oil positions amid extreme volatility

After 102 past neutral macro events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% over 20.

• Dec 31, 2024Baht, oil prices expected to face volatility in 2025: NESDC+4.6%
• Oct 17, 2022Oil steady as recession woes counter positive Chinese signals-0.7%
• Jun 8, 2022Q&A | Implications of the OPEC+ Announcement to Increase Oil Production - Center on Global Energy Policy at Columbia University SIPA | CGEP-0.5%
• Apr 10, 2017OPEC's original cut 'just missed paving the road to hell', but extension needed for oil to hit $60: Citi | Financial Post+0.7%
• Apr 28, 2017Can an OPEC extension push Oil to $60? :: Content :: Tập đoàn Hoá chất Việt Nam (Vinachem)-7.0%

After 54 past neutral macro events, Crude Oil (Brent) moved a median +0.4% over 5 sessions (57% higher; middle half -2.8% to +2.5%), and +0.6% over 20.

• Dec 31, 2024Baht, oil prices expected to face volatility in 2025: NESDC+4.2%
• Jan 4, 2024Oil prices remain volatile amid uncertainty arising from geopolitical conflict-0.1%
• Oct 17, 2022Oil steady as recession woes counter positive Chinese signals+0.8%
• Nov 26, 2021Bangkok Post - Hedge your baht bets-14.7%
• Jun 8, 2022Q&A | Implications of the OPEC+ Announcement to Increase Oil Production - Center on Global Energy Policy at Columbia University SIPA | CGEP+0.3%

Not enough comparable past events yet for a historical read.