OPEC oil cartel holds production steady in face of Russia sanctions uncertainty

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.

• Sep 6, 2026OPEC Plus Holds Oil Production Steady as U.S.-Iran Strikes Resume - The New York Times+12.0%
• Feb 19, 2025Oil holds near one-week high on supply concerns, sanctions on Russia eyed | Reuters-4.1%
• Feb 1, 2017Oil prices stabilise as Russia joins OPEC in production cut - Offshore Energy-1.9%
• Mar 24, 2025Crude Oil Rallies on Tougher Iranian Sanctions and OPEC+ Uncertainty | Investing.com AU+2.4%
• Dec 7, 2018OPEC and Russia agree to slash oil production | CNN Business+2.2%

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.

• Sep 6, 2026OPEC Plus Holds Oil Production Steady as U.S.-Iran Strikes Resume - The New York Times+9.3%
• Feb 19, 2025Oil holds near one-week high on supply concerns, sanctions on Russia eyed | Reuters-4.2%
• Feb 1, 2017Oil prices stabilise as Russia joins OPEC in production cut - Offshore Energy-1.1%
• Mar 24, 2025Crude Oil Rallies on Tougher Iranian Sanctions and OPEC+ Uncertainty | Investing.com AU+1.7%
• Dec 7, 2018OPEC and Russia agree to slash oil production | CNN Business+2.2%