Oil rises as Biden wins, OPEC+ signals deal can be tweaked

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 10, 2019Oil prices rise as OPEC pledges decision on supply | Financial Post+1.5%
• Sep 8, 2026OPEC+ sticks with plan to keep oil output quotas unchanged | Financial Post+10.6%
• Oct 9, 2017Oil prices climb after OPEC signals possible deal extension+4.3%
• Nov 30, 2016Oil up more than 8 percent as OPEC finalizes output cut deal+12.5%
• Aug 26, 2022Oil prices rise on signals OPEC might cut output-6.6%

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 10, 2019Oil prices rise as OPEC pledges decision on supply | Financial Post+0.6%
• Sep 8, 2026OPEC+ sticks with plan to keep oil output quotas unchanged | Financial Post+12.9%
• Oct 9, 2017Oil prices climb after OPEC signals possible deal extension+2.6%
• Nov 30, 2016Oil up more than 8 percent as OPEC finalizes output cut deal+16.7%
• Aug 26, 2022Oil prices rise on signals OPEC might cut output-6.8%

After 15 past bearish policy events, US Dollar (Broad) moved a median -0.5% over 5 sessions (27% higher; middle half -0.7% to +0.0%), and -0.0% over 20.

• Jun 22, 2018Oil rallies over 3% as dollar dips, OPEC's meeting proceeds+0.2%
• Feb 16, 2018Crude Oil/WTI: Oil caught a bid on report of OPEC-NOPEC long-term alliance and softer USD — Octa+0.6%
• Aug 21, 2018'I'm not thrilled': Trump blasts Fed for raising interest rates, not doing enough to help him boost economy | Financial Post-0.9%
• Aug 30, 2017Renminbi rises strongly against US dollar - Chinadaily.com.cn-0.6%
• Aug 27, 2020The Mexican peso loses 24 cents against the dollar - Opportimes-0.5%