Stats Tradeable patterns EIA gas storage report

Henry Hub volatility is 3.7 times normal at 10:30 Thursday

Announcement days: 2.022.02Announcement daysAll other days: 0.550.55All other days

Source: Halova, Kurov and Kucher, Noisy Inventory Announcements and Energy Prices, Journal of Futures Markets, October 2014, Table I Panel B. The ratio of 3.7 is my arithmetic on their two figures. Units are the paper's own scaling of intraday returns, not percentages.

The US government publishes one natural gas storage number every Thursday at 10:30 New York time. In the fifteen minutes around it, Henry Hub futures volatility runs close to four times its normal level. The whole move averages about one per cent.

1,120Releases studied
3.7xVolatility multiple
1%Average move around it
30 minutesStays elevated for

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