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A Bloomberg survey showed OPEC crude production held roughly flat in December at just over 29 million bpd. Lower Venezuelan output was offset by gains from Iraq and other members ahead of a planned first-quarter pause.
Flat OPEC supply in December adds little to the surplus, so crude prices show no new supply-driven pressure. Venezuelan disruptions remain a supply risk to watch.
rigzone.comG.Smith, J.Lee, L.Kassai, B.LehaneJan 8, 2026After 56 past neutral report events, Crude Oil (WTI) moved a median +0.0% over 5 sessions (50% higher; middle half -2.7% to +2.5%), and +0.8% over 20.
After 41 past neutral report events, Crude Oil (Brent) moved a median -1.4% over 5 sessions (41% higher; middle half -4.0% to +1.9%), and +1.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
