OPEC+ committee recommends no change in oil output policy at virtual meeting

After 187 past neutral policy events, WTI moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% over 20.

• Feb 1, 2024Opec+ committee meeting keeps oil output policy unchanged - The Business Times-2.6%
• Apr 2, 2024OPEC+ unlikely to change output policy at panel meeting+3.2%
• Jul 18, 2024OPEC+ unlikely to change oil output policy at Aug 1 JMMC meeting, sources say | Reuters-6.4%
• Jan 29, 2024No changes to oil production policy expected at OPEC+ meeting-7.3%
• Jul 30, 2024OPEC+ likely to stick to output policy at Aug 1 JMMC meeting-3.7%

After 175 past neutral policy events, BRENT moved a median -0.9% over 5 sessions (45% higher; middle half -3.6% to +3.0%), and +0.7% over 20.

• Feb 1, 2024Opec+ committee meeting keeps oil output policy unchanged - The Business Times-2.6%
• Apr 2, 2024OPEC+ unlikely to change output policy at panel meeting+4.9%
• Jul 18, 2024OPEC+ unlikely to change oil output policy at Aug 1 JMMC meeting, sources say | Reuters-3.6%
• Jan 29, 2024No changes to oil production policy expected at OPEC+ meeting-6.0%
• Jul 14, 2023OPEC+ monitoring committee to meet Aug 3 to review oil output cuts: delegates | S&P Global-2.1%