OPEC oil output falls on Saudi cut and Nigerian outage, Reuters survey finds

After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.

• May 2, 2023OPEC oil output falls on Iraq, Nigeria outages, Reuters survey finds | Reuters-4.8%
• Mar 31, 2023OPEC oil output falls on Angola, Iraq outages - Reuters survey+8.8%
• Jan 9, 2026OPEC oil output falls in December on Iran and Venezuela, Reuters survey finds | Reuters+3.7%
• Jan 31, 2024OPEC oil output falls in January on new cuts, Libya - survey | Reuters-4.8%
• Jan 7, 2025OPEC oil output falls in December on UAE and Iran, survey finds+6.6%

After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% over 20.

• May 2, 2023OPEC oil output falls on Iraq, Nigeria outages, Reuters survey finds | Reuters-3.3%
• Mar 31, 2023OPEC oil output falls on Angola, Iraq outages - Reuters survey+8.6%
• Jan 9, 2026OPEC oil output falls in December on Iran and Venezuela, Reuters survey finds | Reuters+2.4%
• Jan 31, 2024OPEC oil output falls in January on new cuts, Libya - survey | Reuters-6.0%
• Jan 7, 2025OPEC oil output falls in December on UAE and Iran, survey finds+7.1%