Iraq assures OPEC of full conformity with oil production guidelines, OPEC says

After 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.

• Oct 31, 2022OPEC Says Supply Surplus Was Main Reason for Oil Production Cut - Bloomberg+4.0%
• Mar 7, 2017Saudi oil minister says no 'free rides' for non-OPEC producers-8.4%
• Dec 3, 2020Here’s What OPEC And Its Allies Agreed Upon On Oil Production+1.7%
• Dec 1, 2017For How Long Will OPEC Extend Production Cuts?-2.0%
• Jun 20, 2019Gulf OPEC Producers to Keep July Production Within Current Deal   | OilPrice.com+7.0%

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.

• Oct 31, 2022OPEC Says Supply Surplus Was Main Reason for Oil Production Cut - Bloomberg+5.4%
• Mar 21, 2017OPEC's Oil Production Agreement Having Unintended Effects, Goldman Says - Business Insider-1.4%
• Mar 7, 2017Saudi oil minister says no 'free rides' for non-OPEC producers-9.6%
• Dec 3, 2020Here’s What OPEC And Its Allies Agreed Upon On Oil Production+0.5%
• Dec 1, 2017For How Long Will OPEC Extend Production Cuts?-1.5%