Oil set for biggest weekly gain since 2016 on Saudi supply cut

After 442 past bullish policy events, Crude Oil (Brent) moved a median +1.4% over 5 sessions (60% higher; middle half -2.0% to +4.9%), and +2.1% over 20.

• Sep 9, 2022Oil rises 4% on supply threats, still set for weekly drop | Reuters+1.7%
• Dec 1, 2016OPEC in first joint oil cut with Russia since 2001, Saudis take 'big hit'+6.6%
• Dec 3, 2024Oil sees biggest daily gain in 2 weeks on bets OPEC+ will extend production cuts - MarketWatch+0.8%
• Apr 1, 2025Oil prices rise for second consecutive week on expected tighter supply-14.2%
• Apr 3, 2023Oil prices notch biggest gain in nearly a year after OPEC's surprise output cut+7.4%

After 438 past bullish policy events, Crude Oil (WTI) moved a median +0.9% over 5 sessions (61% higher; middle half -2.2% to +4.6%), and +2.0% over 20.

• Sep 9, 2022Oil rises 4% on supply threats, still set for weekly drop | Reuters+2.0%
• Dec 1, 2016OPEC in first joint oil cut with Russia since 2001, Saudis take 'big hit'+0.8%
• Dec 3, 2024Oil sees biggest daily gain in 2 weeks on bets OPEC+ will extend production cuts - MarketWatch+0.4%
• Apr 1, 2025Oil prices rise for second consecutive week on expected tighter supply-15.1%
• Apr 3, 2023Oil prices notch biggest gain in nearly a year after OPEC's surprise output cut+5.4%