Oil Jumps Near $90 After OPEC+ Surprises With Token Supply Cut

After 438 past bullish policy events, Crude Oil (WTI) moved a median +0.9% over 5 sessions (61% higher; middle half -2.2% to +4.6%), and +2.0% over 20.

• Apr 3, 2024OPEC+ Sticks With Supply Cuts While Oil Nears $90 a Barrel - Bloomberg+0.1%
• Feb 3, 2025OPEC+ Sticks to Oil Supply Plan Even as Trump Seeks Price Cut - Bloomberg-2.1%
• Apr 3, 2023Oil Prices Jump After Surprise OPEC Production Cut - The New York Times+5.4%
• Nov 30, 2016Brent Oil Jumps to Highest in More Than a Year After OPEC Accord - Bloomberg+12.5%
• Oct 4, 2023Oil Supply: Saudis to Stick With 1 Million-Barrel A Day Cut - Bloomberg-3.7%

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.

• Apr 3, 2024OPEC+ Sticks With Supply Cuts While Oil Nears $90 a Barrel - Bloomberg+2.8%
• Feb 3, 2025OPEC+ Sticks to Oil Supply Plan Even as Trump Seeks Price Cut - Bloomberg-2.9%
• Apr 3, 2023Oil Prices Jump After Surprise OPEC Production Cut - The New York Times+7.4%
• Nov 30, 2016Brent Oil Jumps to Highest in More Than a Year After OPEC Accord - Bloomberg+16.7%
• Oct 4, 2023Oil Supply: Saudis to Stick With 1 Million-Barrel A Day Cut - Bloomberg-3.8%