OPEC+ Sticks to Oil Supply Plan Even as Trump Seeks Price Cut

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.

• Apr 3, 2024OPEC+ Sticks With Supply Cuts While Oil Nears $90 a Barrel - Bloomberg+0.1%
• Sep 4, 2022Oil Jumps Near $90 After OPEC+ Surprises With Token Supply Cut - Bloomberg+1.0%
• Oct 4, 2023Oil Supply: Saudis to Stick With 1 Million-Barrel A Day Cut - Bloomberg-3.7%
• Oct 4, 2021Oil Latest: OPEC+ Panel Recommends Sticking to Plan for Gradual Supply Hikes - Bloomberg+4.6%
• Nov 21, 2019Oil Prices Surge as OPEC Looks to Cut Output | INN+2.2%

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.

• Apr 3, 2024OPEC+ Sticks With Supply Cuts While Oil Nears $90 a Barrel - Bloomberg+2.8%
• Sep 4, 2022Oil Jumps Near $90 After OPEC+ Surprises With Token Supply Cut - Bloomberg-0.9%
• Oct 4, 2023Oil Supply: Saudis to Stick With 1 Million-Barrel A Day Cut - Bloomberg-3.8%
• Oct 4, 2021Oil Latest: OPEC+ Panel Recommends Sticking to Plan for Gradual Supply Hikes - Bloomberg+3.7%
• Nov 21, 2019Oil Prices Surge as OPEC Looks to Cut Output | INN+2.3%