Economy & PolicyExtended setexperimental liveNew

Acled Oil Supply Shock Long

Updated dailyData needs: mediumlong only
paper
2003
Source
Extends: Hamilton, J.D. (2003). "What is an oil shock?" Journal of Econometrics 113(2). Also Kilian, L. (2009). "Not all oil price shocks are alike." American Economic Review 99(3). ACLED event-density specification is novel (alphactor 2026-05-20).
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In plain terms

When conflict events spike in oil-producing countries (Saudi/Iraq/Iran/Libya/Nigeria), the supply-shock premium lifts US-listed oil majors over the next 5-20 days.

How it works

Conflict events in oil-producing countries (Saudi, Iraq, Iran, Libya, Algeria, UAE, Kuwait, Yemen, Nigeria) raise the implied option value of held barrels (Hamilton 2003 / Kilian 2009 supply-shock channel). A z>=2σ spike in 7-day ACLED event count across MENA-oil + Nigeria drives a measurable LONG drift in US-listed integrated oil + refiner equities.

No live results for this strategy yet. Charts appear once it has earned a top spot on at least one stock, either on its own or as part of a blend of several strategies.
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Data dependencies

  • Daily prices

    Adjusted-close OHLCV for every US-listed ticker; primary price feed.

  • Acled events

    A data feed this strategy reads, refreshed on its normal schedule.

Expected edge

Reported return
+1% to +3% over 20d
Tested over
T+0 to T+20d

Target +50 to +200 bps over 20d on qualifying fires (~5-15 per year).

Example tickers where this is likely to fire

Illustrative only, the signal fires based on the live data, not a fixed list.

Related families

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