Nanex ~ 22-Aug-2012 ~ Oil News Early

On August 22, 2012 about 75 milliseconds before the 10:30 EIA Petroleum Status Report, Oil futures and ETFs rocketed on volume.

Chart 1. USO (oil ETF) 1 millisecond interval chart showing trades color coded by exchange and NBBO (gray shading). Chart shows 1 second of data.

Chart 2. Crude Oil futures prices and depth of book color coded by relative size of orders at each level.

Nanex Research