OPEC+ will stick to oil production hike plan as upcoming meeting, delegates report

After 210 past bearish policy events, BRENT moved a median -0.9% over 5 sessions (48% higher; middle half -3.8% to +3.2%), and +0.2% over 20.

• Jun 23, 2018OPEC deal to raise oil production will 'rein in prices' - Algerian PM+5.1%
• Mar 31, 2022OPEC+ Sticks To Modest Oil Production Hike Despite Calls For More Supply-11.9%
• Apr 4, 2025Why OPEC+ is accelerating oil production as prices tank, tariffs hit-9.8%
• Jun 3, 2024U.S. crude oil falls more than 3% as OPEC+ plans phasing out production cuts-2.0%
• Sep 1, 2021OPEC+ Sticks to Agreed Schedule for Oil-Production Increases-2.2%

After 215 past bearish policy events, WTI moved a median +0.1% over 5 sessions (51% higher; middle half -4.4% to +3.3%), and +0.2% over 20.

• Jun 23, 2018OPEC deal to raise oil production will 'rein in prices' - Algerian PM+7.6%
• Mar 31, 2022OPEC+ Sticks To Modest Oil Production Hike Despite Calls For More Supply-10.6%
• Apr 4, 2025Why OPEC+ is accelerating oil production as prices tank, tariffs hit-10.2%
• Jun 3, 2024U.S. crude oil falls more than 3% as OPEC+ plans phasing out production cuts-1.9%
• Sep 1, 2021OPEC+ Sticks to Agreed Schedule for Oil-Production Increases+1.3%