Oil prices rise for second consecutive week on expected tighter supply

After 438 past bullish policy events, Crude Oil (WTI) moved a median +0.9% over 5 sessions (61% higher; middle half -2.2% to +4.6%), and +2.0% over 20.

• Dec 3, 2018Oil Prices Rise on Expectations for a Production Cut+3.7%
• Sep 9, 2022Oil rises 4% on supply threats, still set for weekly drop | Reuters+2.0%
• Mar 29, 2018Oil prices gain on expectation of continued Opec supply curbs in 2018 | The National-1.2%
• Mar 1, 2017Oil prices rise as OPEC production cut trims supply | Globalnews.ca-2.2%
• Aug 26, 2022Oil prices rise on signals OPEC might cut output-6.6%

After 442 past bullish policy events, Crude Oil (Brent) moved a median +1.4% over 5 sessions (60% higher; middle half -2.0% to +4.9%), and +2.1% over 20.

• Dec 3, 2018Oil Prices Rise on Expectations for a Production Cut+6.0%
• Sep 9, 2022Oil rises 4% on supply threats, still set for weekly drop | Reuters+1.7%
• Mar 29, 2018Oil prices gain on expectation of continued Opec supply curbs in 2018 | The National-2.0%
• Mar 1, 2017Oil prices rise as OPEC production cut trims supply | Globalnews.ca+1.5%
• Aug 26, 2022Oil prices rise on signals OPEC might cut output-6.8%