Does the Wednesdays Oil inventory report really moves the market?

Discussion in 'Commodity Futures' started by crgarcia, Jun 5, 2008.

  1. Long term?
    Sure, it may cause some short term volatility

  2. In my experience, it seems to move product spreads more than it actually moves the underlying prices. It tells you what has already happened, and any more recent supply/demand issues are dictated by what *will* happen.

    But if you are in doubt of the impact of the oil report, look at refiner stocks since Weds. And I would guess enough reports in the same direction, you'll have a meaningful trend.