Oil Price: OPEC+ Holds December Targets for a Third Month as Brent Ends October at $113.43

After 442 past bullish policy events, Crude Oil (Brent) moved a median +1.4% over 5 sessions (60% higher; middle half -2.0% to +4.9%), and +2.1% over 20.

• Sep 5, 2024OPEC+ agrees to delay October oil output hike for two months | Reuters-4.4%
• Dec 1, 2016Oil soars, Brent hits 16-month high after OPEC output deal | Reuters+6.6%
• Jun 1, 2021Brent Touches A Three-Month High As OPEC+ Decides To Stick With Output Increases For July+2.4%
• Nov 30, 2016Oil price rises sharply as Opec members hint at deal to limit production+16.7%
• Nov 3, 2017Oil Extends Surge as OPEC Signals Deal, Supply Threats Mount - Bloomberg+5.8%

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.

• Apr 2, 2023Goldman Sachs raises Brent oil price forecasts after OPEC+ output cuts+5.4%
• Oct 28, 2026Opec+ agrees in principle to keep oil output targets steady in December, sources say - The Business Times-2.1%
• Feb 1, 2024OPEC+ monitoring has reviewed crude oil production data for November, December 2023 - Business & Economy - TASS-2.6%
• Aug 3, 2022Oil Prices: OPEC+ Agrees to Raise Production Next Month at Much Slower Pace - Bloomberg-4.1%
• Oct 4, 2026OPEC+ agrees to keep November oil output targets steady+0.8%