OPEC+ countries agree to raise oil output by 206,000 bpd from May

After 187 past neutral policy events, WTI moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% over 20.

• Apr 5, 2026OPEC+ to increase oil production by 206,000 bpd in May - Business & Economy - TASS-13.2%
• Nov 30, 2023OPEC+ agrees to voluntary oil output cuts - Business & Finance - Business Recorder-11.0%
• Dec 3, 2020Opec+ agrees output hike from January - Business - DAWN.COM+0.5%
• May 6, 2022OPEC+ to increase output by 432,000 b/d in June | Oil & Gas Journal-1.9%
• Oct 1, 2026OPEC+ agrees to keep November oil output targets steady-2.3%

After 175 past neutral policy events, BRENT moved a median -0.9% over 5 sessions (45% higher; middle half -3.6% to +3.0%), and +0.7% over 20.

• Apr 5, 2026OPEC+ to increase oil production by 206,000 bpd in May - Business & Economy - TASS-9.7%
• Nov 30, 2023OPEC+ agrees to voluntary oil output cuts - Business & Finance - Business Recorder-10.5%
• Dec 3, 2020Opec+ agrees output hike from January - Business - DAWN.COM+1.7%
• May 6, 2022OPEC+ to increase output by 432,000 b/d in June | Oil & Gas Journal-3.4%
• Oct 1, 2026OPEC+ agrees to keep November oil output targets steady+2.6%