Crude Leaps as OPEC+ Eyes Meeting Date, Europe Talks Stimulus

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

• Jul 1, 2019OPEC Extends Output Cuts Into 2020 as Marathon Meeting Ends - Bloomberg-1.4%
• Oct 17, 2019OPEC’s Next Meeting May Unveil New Approach: Preemption - Bloomberg+4.7%
• Dec 6, 2018Crude Climbs as OPEC and Allies Finalize Production Limitations - Bloomberg-3.3%
• Apr 2, 2023Oil leaps 6% as OPEC+ shocks markets by cutting output target+5.4%
• Feb 3, 2025OPEC+ Sticks to Oil Supply Plan Even as Trump Seeks Price Cut - Bloomberg-2.1%

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

• Jul 1, 2019OPEC Extends Output Cuts Into 2020 as Marathon Meeting Ends - Bloomberg-4.2%
• Oct 17, 2019OPEC’s Next Meeting May Unveil New Approach: Preemption - Bloomberg+2.5%
• Dec 6, 2018Crude Climbs as OPEC and Allies Finalize Production Limitations - Bloomberg-2.7%
• Apr 2, 2023Oil leaps 6% as OPEC+ shocks markets by cutting output target+7.4%
• Feb 3, 2025OPEC+ Sticks to Oil Supply Plan Even as Trump Seeks Price Cut - Bloomberg-2.9%

After 12 past policy events, EURUSD moved a median +0.3% over 5 sessions (75% higher; middle half -0.1% to +1.0%), and +0.7% over 20.

• Mar 5, 2025European markets soar as Germany moves to lift ‘debt brake’ and raise defence spending | Germany | The Guardian+3.7%
• Feb 20, 2025Corn Markets Under Pressure – Profit-Taking and Argentina’s Export Tax Cut Weigh on Prices - Commodity Board Europe is an independent commodity market intelligence platform providing global production data, price insights and market analysis for agricultural and food commodities.+1.0%
• Jan 31, 2017Euro spikes after Trump's trade adviser says Germany is using 'grossly undervalued' currency+0.5%