Oil steadies after report of planned OPEC+ August output hike

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

• Dec 2, 2021OPEC+ agrees on planned January oil output rise, sources say | Reuters+10.6%
• Jul 28, 2026OPEC+ likely to pause oil output hikes after September, sources say | Reuters-2.7%
• Oct 7, 2025Oil settles flat amid OPEC+ output hike, supply glut fears | Reuters-4.1%
• Jan 4, 2022Oil ends up at $80/bbl as OPEC+ sticks with Feb output hike | Reuters+2.8%
• Jan 4, 2026OPEC+ keeps oil output steady amid turmoil among members | Reuters+3.1%

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

• Dec 2, 2021OPEC+ agrees on planned January oil output rise, sources say | Reuters+9.7%
• Jul 28, 2026OPEC+ likely to pause oil output hikes after September, sources say | Reuters-4.2%
• Oct 7, 2025Oil settles flat amid OPEC+ output hike, supply glut fears | Reuters-3.8%
• Jan 4, 2022Oil ends up at $80/bbl as OPEC+ sticks with Feb output hike | Reuters+3.3%
• Jan 4, 2026OPEC+ keeps oil output steady amid turmoil among members | Reuters+4.7%