OPEC+ likely to maintain oil output at meeting, in gesture to US - AL-MONITOR: The Middle Eastʼs leading independent news source since 2012

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.

• Feb 27, 2024OPEC+ to consider extending voluntary oil output cuts, sources say+1.7%
• Oct 1, 2019OPEC oil output sinks to lowest since 2011 after Saudi attacks: Reuters survey-3.3%
• Sep 7, 2026Opec+ holds oil output steady as prices continue to rise amid Middle East escalation | Upstream+12.0%
• Mar 4, 2019OPEC will likely balance the oil market by next month: Goldman Sachs+2.0%
• Jan 3, 2019OPEC oil output posts biggest drop since 2017 on Saudi move+10.9%

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.

• Feb 27, 2024OPEC+ to consider extending voluntary oil output cuts, sources say+1.5%
• Oct 1, 2019OPEC oil output sinks to lowest since 2011 after Saudi attacks: Reuters survey-2.5%
• Sep 7, 2026Opec+ holds oil output steady as prices continue to rise amid Middle East escalation | Upstream+9.3%
• Mar 4, 2019OPEC will likely balance the oil market by next month: Goldman Sachs+0.2%
• Jan 3, 2019OPEC oil output posts biggest drop since 2017 on Saudi move+12.6%