Opec+ sticks to oil output policy after brief meeting

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.

• Oct 4, 2023Opec+ sticks to current output policy after oil price rally | The National-3.8%
• Aug 4, 2023OPEC+ Sticks To Oil Output Policy As Saudi Extends Voluntary Production Cut+1.5%
• Oct 4, 2021OPEC+ agrees to stick to existing oil output plan, sources say | Reuters+3.7%
• Nov 1, 2021Oil hits multi-year highs as OPEC+ sticks to output plan-1.4%
• Mar 1, 2017Oil rises as Opec sticks to output pledges, rising US production cap gains+1.5%

After 90 past bullish policy events, ULSD / Diesel moved a median +1.4% over 5 sessions (66% higher; middle half -1.9% to +4.1%), and +0.1% over 20.

• Apr 2, 2023Oil prices surge after surprise move to cut output+2.0%
• Apr 2, 2023Oil leaps 6% as OPEC+ shocks markets by cutting output target+2.0%
• Apr 2, 2023Goldman Sachs raises Brent oil price forecasts after OPEC+ output cuts+2.0%
• Nov 4, 2021OPEC+ sticks with 400,000 b/d oil output hike for December, despite US pleas+0.9%
• Oct 22, 2019OPEC, allies to consider deeper oil cuts at December meeting - Reuters — Octa+0.6%