OPEC+ to consider extending voluntary oil output cuts, sources say

After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.

• Jan 28, 2020Arab News | China virus forces OPEC to weigh up extension to oil output cuts-8.0%
• Nov 7, 2018Return to oil production cuts in 2019 cannot be ruled out - OPEC sources-8.3%
• Nov 30, 2020Opec agrees to extend existing oil production cuts: Abdelmadjid Attar+3.5%
• Aug 27, 2019Crude Oil Prices Shrug off Trade Jitters Amid Deeper OPEC Output Cuts+1.4%
• Jun 8, 2020Oil prices top $40 as OPEC+ extends production cuts | Fox Business-7.2%

After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.

• Jan 28, 2020Arab News | China virus forces OPEC to weigh up extension to oil output cuts-5.7%
• Nov 7, 2018Return to oil production cuts in 2019 cannot be ruled out - OPEC sources-10.5%
• Nov 30, 2020Opec agrees to extend existing oil production cuts: Abdelmadjid Attar+1.5%
• Aug 27, 2019Crude Oil Prices Shrug off Trade Jitters Amid Deeper OPEC Output Cuts+2.8%
• Jun 8, 2020Oil prices top $40 as OPEC+ extends production cuts | Fox Business-8.3%