Oil settles higher but falls on the week on firmer supply outlook

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.

• Aug 3, 2020Oil falls on supply glut fears as OPEC+ set to boost output - Markets - Business Recorder+2.5%
• Mar 26, 2024Oil settles lower as markets weigh Russian supply woes+4.2%
• Sep 26, 2024Crude oil prices today: WTI falls as Saudi committed to higher output+0.5%
• Jun 30, 2022Oil falls 3% on uncertainty over future Opec+ output, recession fears - The Business Times-6.3%
• Jun 16, 2025Soyoil around 18-month highs, grains fall on good crop weather-6.1%

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.

• Aug 3, 2020Oil falls on supply glut fears as OPEC+ set to boost output - Markets - Business Recorder+2.4%
• Mar 26, 2024Oil settles lower as markets weigh Russian supply woes+2.1%
• Sep 26, 2024Crude oil prices today: WTI falls as Saudi committed to higher output-0.1%
• Jun 30, 2022Oil falls 3% on uncertainty over future Opec+ output, recession fears - The Business Times-11.8%
• Jun 6, 2025HSBC flags downside risks to Brent price outlook due to OPEC+ supply hikes+5.8%