OPEC plans more cuts to boost worldwide oil prices

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.

• Feb 13, 2019'Shock and Awe' OPEC Oil Cuts Boost Prices+5.8%
• Nov 30, 2016OPEC hashes out a major deal to cut oil production — and prices surge worldwide | Vox+16.7%
• Jun 2, 2024Exclusive | OPEC+ Agrees to Extend Production Cuts in Bid to Boost Oil Prices - WSJ-2.0%
• Oct 5, 2022OPEC+ agrees to cut oil production to boost sliding prices - Los Angeles Times+2.1%
• Oct 5, 2022Oil: OPEC+ imposes deep production cuts in a bid to shore up prices+2.1%

After 438 past bullish policy events, Crude Oil (WTI) moved a median +0.9% over 5 sessions (61% higher; middle half -2.2% to +4.6%), and +2.0% over 20.

• Feb 13, 2019'Shock and Awe' OPEC Oil Cuts Boost Prices+5.6%
• Nov 30, 2016OPEC hashes out a major deal to cut oil production — and prices surge worldwide | Vox+12.5%
• Jun 2, 2024Exclusive | OPEC+ Agrees to Extend Production Cuts in Bid to Boost Oil Prices - WSJ-1.9%
• Oct 5, 2022OPEC+ agrees to cut oil production to boost sliding prices - Los Angeles Times+3.3%
• Oct 5, 2022Oil: OPEC+ imposes deep production cuts in a bid to shore up prices+3.3%