Talk of OPEC+ output quota increase sets crude prices up for their biggest daily loss since June

After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.

• Aug 31, 2021Oil prices near biggest monthly loss since October before OPEC meets-0.4%
• Feb 28, 2020U.S. oil futures suffer largest weekly percentage loss in over a decade - MarketWatch-3.0%
• Aug 19, 2021Falling oil prices increase pressure on oilseed markets+5.5%
• Oct 1, 2025Oil settles lower as investors brace for possible OPEC+ output hike-2.2%
• Apr 25, 2022Oil Price: Crude Down on China COVID Lockdowns and Fed Rate Outlook - Markets Insider+2.8%

After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.

• Aug 31, 2021Oil prices near biggest monthly loss since October before OPEC meets-1.2%
• Feb 28, 2020U.S. oil futures suffer largest weekly percentage loss in over a decade - MarketWatch-2.6%
• Aug 19, 2021Falling oil prices increase pressure on oilseed markets+4.7%
• Oct 1, 2025Oil settles lower as investors brace for possible OPEC+ output hike-1.0%
• Apr 25, 2022Oil Price: Crude Down on China COVID Lockdowns and Fed Rate Outlook - Markets Insider+2.0%