OPEC+ unlikely to change oil output policy at Aug 1 JMMC meeting, sources say

After 175 past neutral policy events, BRENT moved a median -0.9% over 5 sessions (45% higher; middle half -3.6% to +3.0%), and +0.7% over 20.

• Apr 2, 2024OPEC+ unlikely to change output policy at panel meeting+4.9%
• Jul 30, 2024OPEC+ likely to stick to output policy at Aug 1 JMMC meeting-4.3%
• Aug 30, 2021OPEC+ likely to keep oil output policy from September unchanged, sources say | Reuters+0.5%
• Jul 28, 2026OPEC+ likely to pause oil output hikes after September, sources say | Reuters-4.2%
• Feb 1, 2023OPEC+ committee recommends no change in oil output policy at virtual meeting-0.8%

After 187 past neutral policy events, WTI moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% over 20.

• Apr 2, 2024OPEC+ unlikely to change output policy at panel meeting+3.2%
• Jul 30, 2024OPEC+ likely to stick to output policy at Aug 1 JMMC meeting-3.7%
• Aug 30, 2021OPEC+ likely to keep oil output policy from September unchanged, sources say | Reuters+0.8%
• Jul 28, 2026OPEC+ likely to pause oil output hikes after September, sources say | Reuters-2.7%
• Feb 1, 2023OPEC+ committee recommends no change in oil output policy at virtual meeting-2.2%