OPEC+ is not considering delay to April oil supply hike, Novak says

After 210 past bearish policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (48% higher; middle half -3.8% to +3.2%), and +0.2% over 20.

• Mar 31, 2022OPEC+ Sticks To Modest Oil Production Hike Despite Calls For More Supply-11.9%
• Feb 25, 2026EXCLUSIVE: OPEC+ to consider 137,000 bpd oil output increase for April, sources say | Reuters+16.0%
• Mar 3, 2025OPEC+ to proceed with planned April oil output hike-3.4%
• Mar 1, 2026OPEC+ to Weigh Bigger Hike After Iran Strike, Delegates Say+31.0%
• Apr 1, 2021OPEC+ Shows Confidence in Economic Recovery With Oil-Supply Hike - Bloomberg-1.4%

After 215 past bearish policy events, Crude Oil (WTI) moved a median +0.1% over 5 sessions (51% higher; middle half -4.4% to +3.3%), and +0.2% over 20.

• Mar 31, 2022OPEC+ Sticks To Modest Oil Production Hike Despite Calls For More Supply-10.6%
• Feb 25, 2026EXCLUSIVE: OPEC+ to consider 137,000 bpd oil output increase for April, sources say | Reuters+13.5%
• Mar 3, 2025OPEC+ to proceed with planned April oil output hike-3.9%
• Mar 1, 2026OPEC+ to Weigh Bigger Hike After Iran Strike, Delegates Say+35.6%
• Apr 1, 2021OPEC+ Shows Confidence in Economic Recovery With Oil-Supply Hike - Bloomberg+0.7%