Oil Rises on Reports US Plans to Strike OPEC Producer Venezuela

After 60 past neutral geopolitics events, Crude Oil (WTI) moved a median -0.9% over 5 sessions (43% higher; middle half -4.7% to +2.3%), and -1.9% over 20.

• Nov 28, 2024OPEC+ postpones meeting to decide oil production strategy to Dec. 5: Sources-0.6%
• Nov 22, 2021OPEC considers lowering production to account for oil reserve releases-8.2%
• Feb 2, 2022Belarus bans transit of oil products, fertilisers from Lithuania | Reuters+1.3%
• Nov 30, 2025OPEC+ ministers reaffirm earlier decisions on oil production in 2026 - Business & Economy - TASS+2.7%
• Apr 5, 2026OPEC+ agrees to boost oil output when Strait of Hormuz reopens | Reuters-13.2%

After 63 past neutral geopolitics events, Crude Oil (Brent) moved a median -0.5% over 5 sessions (44% higher; middle half -4.4% to +2.6%), and -2.7% over 20.

• Nov 28, 2024OPEC+ postpones meeting to decide oil production strategy to Dec. 5: Sources+0.2%
• Nov 22, 2021OPEC considers lowering production to account for oil reserve releases-8.8%
• Nov 30, 2025OPEC+ ministers reaffirm earlier decisions on oil production in 2026 - Business & Economy - TASS+0.7%
• Apr 5, 2026OPEC+ agrees to boost oil output when Strait of Hormuz reopens | Reuters-9.7%
• Nov 30, 2020Opec set for annual meeting to discuss next phase of oil production policy | The National+3.5%