OPEC+ discussing delay to planned oil output hike in October, sources say

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 5, 2024OPEC+ agrees to delay October oil output hike for two months | Reuters-2.7%
• Oct 4, 2021OPEC+ agrees to stick to existing oil output plan, sources say | Reuters+4.6%
• Oct 30, 2024OPEC+ could delay December oil output hike, sources say+7.1%
• May 30, 2024OPEC+ discuss keeping voluntary oil cuts until year-end, sources say | Reuters-6.5%
• Jun 29, 2019Russia agrees with Saudi Arabia to extend OPEC+ oil output deal - Reuters-1.4%

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 5, 2024OPEC+ agrees to delay October oil output hike for two months | Reuters-4.4%
• Oct 4, 2021OPEC+ agrees to stick to existing oil output plan, sources say | Reuters+3.7%
• Oct 30, 2024OPEC+ could delay December oil output hike, sources say+7.2%
• May 30, 2024OPEC+ discuss keeping voluntary oil cuts until year-end, sources say | Reuters-6.8%
• Jun 29, 2019Russia agrees with Saudi Arabia to extend OPEC+ oil output deal - Reuters-4.2%