Key members of OPEC+ alliance are putting off production increases amid slack crude prices

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 5, 2024OPEC+ members to delay oil production increases+0.6%
• Feb 2, 2022Caution from OPEC+ producers to keep oil prices high | AP News+4.1%
• May 2, 2024Oil alliance OPEC+ extends collective crude production cuts into 2025-0.6%
• Oct 4, 2026OPEC+ Keeps November Oil Production Unchanged As Crude Prices Hold September Gains-0.9%
• Nov 30, 2016Oil price rises sharply as Opec members hint at deal to limit production+16.7%

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 5, 2024OPEC+ members to delay oil production increases+2.6%
• Feb 2, 2022Caution from OPEC+ producers to keep oil prices high | AP News+1.3%
• May 2, 2024Oil alliance OPEC+ extends collective crude production cuts into 2025-0.1%
• Oct 4, 2026OPEC+ Keeps November Oil Production Unchanged As Crude Prices Hold September Gains+0.8%
• Aug 9, 2017OPEC secures output compliance pledges from 4 producers | AP News-3.1%