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Kensho Stats

Oil slide may continue if recent trading history is any guide

Oil workers
Diego J. Robles | The Denver Post | Getty Images

WTI crude futures are off more than 6 percent in five trading days.

What happens next? The washout may continue, if recent history is any guide.

Oil had a drop of this magnitude or worse in 5 days 12 times in the last one year, according to hedge fund analytics tool Kensho.

Here's what happened during the next day of trading, on average:



Here's what happened, on average, during the next 5 days of trading:


With this trading history and uncertainty surrounding the crucial OPEC meeting Wednesday, it may be best to not try and catch this falling knife.

Disclosure: NBCUniversal, parent of CNBC, is a minority investor in Kensho.