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OPEC and non-OPEC participating countries reaffirmed the production framework of the Declaration of Cooperation and kept total crude output levels in place until December 31, 2026. They also approved a mechanism to assess maximum sustainable capacity for setting 2027 baselines.
Reaffirming existing output levels through 2026 keeps managed supply in place, which supports crude prices over the medium term. Stable energy costs help keep feed input budgets predictable.
euro-petrole.comEuropétroleJan 12, 2025After 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.
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.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
