Crude oil prices jump in reaction to OPEC deal By Seeking Alpha

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.

• Oct 5, 2022Oil: OPEC+ imposes deep production cuts in a bid to shore up prices+3.3%
• Jun 6, 2020OPEC and its allies reach deal to cut oil production through July | CNN Business-8.3%
• Nov 30, 2016Oil Surges on OPEC Deal to Cut Production - WSJ+12.5%
• Jan 4, 2022Oil prices jump as Opec+ agrees to continue output increase in February | The National+2.8%
• Dec 7, 2018Oil Prices Jump After OPEC Agrees To Bigger-Than-Expected Production Cut : NPR+2.2%

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.

• Oct 5, 2022Oil: OPEC+ imposes deep production cuts in a bid to shore up prices+2.1%
• Jun 6, 2020OPEC and its allies reach deal to cut oil production through July | CNN Business-7.2%
• Nov 30, 2016Oil Surges on OPEC Deal to Cut Production - WSJ+16.7%
• Jan 4, 2022Oil prices jump as Opec+ agrees to continue output increase in February | The National+3.3%
• Dec 7, 2018Oil Prices Jump After OPEC Agrees To Bigger-Than-Expected Production Cut : NPR+2.2%