OPEC+ likely to stick to output policy at Aug 1 JMMC meeting

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.

• Jul 18, 2024OPEC+ unlikely to change oil output policy at Aug 1 JMMC meeting, sources say | Reuters-3.6%
• Apr 2, 2024OPEC+ unlikely to change output policy at panel meeting+4.9%
• Jul 25, 2024What Is Likely to Happen at Next OPEC Meeting? | Rigzone-1.6%
• Feb 1, 2023OPEC+ committee recommends no change in oil output policy at virtual meeting-0.8%
• Jan 29, 2024No changes to oil production policy expected at OPEC+ meeting-6.0%

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.

• Jul 18, 2024OPEC+ unlikely to change oil output policy at Aug 1 JMMC meeting, sources say | Reuters-6.4%
• Apr 2, 2024OPEC+ unlikely to change output policy at panel meeting+3.2%
• Jul 25, 2024What Is Likely to Happen at Next OPEC Meeting? | Rigzone+0.6%
• Oct 2, 2024OPEC+ panel sticks to output policy, doubles down on compliance+5.4%
• Feb 1, 2023OPEC+ committee recommends no change in oil output policy at virtual meeting-2.2%