Opec sticks to production plan despite Trump pressure

After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.

• Mar 31, 2022Arab News | OPEC+ sticks to current oil output plan despite consumers’ pressures-10.6%
• May 5, 2022Opec+ sticks to June output plan as oil prices continue to rise | The National-2.1%
• Feb 2, 2022OPEC+ sticks to planned output hikes despite surging oil prices | OPEC News | Al Jazeera+1.3%
• Nov 30, 2020OPEC Meets To Decide Whether Cuts In Oil Production Are Still Needed : NPR+1.5%
• Dec 4, 2022Opec+ sticks to current output targets ahead of Russia crude sanctions | The National-11.1%

After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.

• Mar 31, 2022Arab News | OPEC+ sticks to current oil output plan despite consumers’ pressures-11.9%
• May 5, 2022Opec+ sticks to June output plan as oil prices continue to rise | The National-2.5%
• Feb 2, 2022OPEC+ sticks to planned output hikes despite surging oil prices | OPEC News | Al Jazeera+4.1%
• Nov 30, 2020OPEC Meets To Decide Whether Cuts In Oil Production Are Still Needed : NPR+3.5%
• Dec 4, 2022Opec+ sticks to current output targets ahead of Russia crude sanctions | The National-11.4%