OPEC oil output rises by 90,000 bpd in February, survey finds

After 129 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (45% higher; middle half -3.9% to +2.5%), and +0.4% over 20.

• Sep 29, 2017OPEC oil output rises by 50,000 bpd in September - Reuters survey-1.8%
• Jul 31, 2020OPEC oil output rises by 970,000 bpd in July - survey | Financial Post+4.9%
• Oct 30, 2020OPEC oil output rises by 210,000 bpd in October-survey | Financial Post+8.3%
• Aug 31, 2023OPEC oil output rises in August as Iran hits 2018 high, Reuters survey finds | Reuters+5.7%
• Nov 4, 2024OPEC oil output rises in October as Libyan supply rebounds, survey finds | Reuters+0.8%

After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% over 20.

• Sep 29, 2017OPEC oil output rises by 50,000 bpd in September - Reuters survey-1.6%
• Jul 31, 2020OPEC oil output rises by 970,000 bpd in July - survey | Financial Post+5.2%
• Oct 30, 2020OPEC oil output rises by 210,000 bpd in October-survey | Financial Post+7.3%
• Aug 31, 2023OPEC oil output rises in August as Iran hits 2018 high, Reuters survey finds | Reuters+6.4%
• Nov 4, 2024OPEC oil output rises in October as Libyan supply rebounds, survey finds | Reuters+1.3%