Crude oil prices today: WTI falls as Saudi committed to higher output

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.

• Jan 20, 2025Oil falls as Trump's plan to boost US oil output takes shape-6.3%
• Mar 9, 2022Oil prices fall most in 2 years as UAE supports output hike | Reuters-22.0%
• Apr 26, 2019Oil sinks 3% as Trump again pressures OPEC to lower crude prices-5.3%
• May 25, 2018Oil prices are plunging as Russians and Saudis rethink output caps-7.0%
• Sep 27, 2024Oil settles higher but falls on the week on firmer supply outlook+8.9%

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.

• Jan 20, 2025Oil falls as Trump's plan to boost US oil output takes shape-4.0%
• Mar 9, 2022Oil prices fall most in 2 years as UAE supports output hike | Reuters-21.5%
• Apr 26, 2019Oil sinks 3% as Trump again pressures OPEC to lower crude prices-5.3%
• Sep 27, 2024Oil settles higher but falls on the week on firmer supply outlook+7.3%
• May 30, 2018Expectations of increased crude output weigh on oil prices - Offshore Technology-1.1%