Oil Prices Are Falling, but OPEC Plus Pledges to Pump More

After 210 past bearish policy events, BRENT moved a median -0.9% over 5 sessions (48% higher; middle half -3.8% to +3.2%), and +0.2% over 20.

• Jul 7, 2025OPEC+ is pumping more oil, but is it needed and at what price?+2.2%
• Jul 19, 2021Oil prices plunge on coronavirus threats, OPEC’s pledge to add barrels+0.6%
• Mar 1, 2019Crude Oil Prices Fall On Trump's OPEC Tweet But U.S. Shale Boom Continues+0.0%
• Dec 4, 2022OPEC Plus opts against cutting production as oil prices fall - The Washington Post-11.4%
• Jun 3, 2024U.S. crude oil falls more than 3% as OPEC+ plans phasing out production cuts-2.0%

After 215 past bearish policy events, WTI moved a median +0.1% over 5 sessions (51% higher; middle half -4.4% to +3.3%), and +0.2% over 20.

• Jul 7, 2025OPEC+ is pumping more oil, but is it needed and at what price?+2.4%
• Jul 19, 2021Oil prices plunge on coronavirus threats, OPEC’s pledge to add barrels+0.6%
• Mar 1, 2019Crude Oil Prices Fall On Trump's OPEC Tweet But U.S. Shale Boom Continues-1.0%
• Dec 4, 2022OPEC Plus opts against cutting production as oil prices fall - The Washington Post-11.1%
• Jun 3, 2024U.S. crude oil falls more than 3% as OPEC+ plans phasing out production cuts-1.9%