OPEC+ approves tiny oil output rise in rebuff to Biden - Markets

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

• Jan 3, 2021OPEC ready to adjust oil output increases: Barkindo - Markets - Business Recorder+8.2%
• Nov 30, 2023OPEC+ agrees to voluntary oil output cuts - Business & Finance - Business Recorder-10.5%
• Oct 28, 2026Opec+ agrees in principle to keep oil output targets steady in December, sources say - The Business Times-4.7%
• Dec 2, 2021Oil prices: OPEC and Russia stick with plans to increase oil output in January | CNN Business+9.7%
• Nov 30, 2022OPEC+ decision to hold virtual meeting signals little likelihood of policy change - Markets - Business Recorder-4.2%

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

• Jan 3, 2021OPEC ready to adjust oil output increases: Barkindo - Markets - Business Recorder+7.8%
• Nov 30, 2023OPEC+ agrees to voluntary oil output cuts - Business & Finance - Business Recorder-11.0%
• Oct 28, 2026Opec+ agrees in principle to keep oil output targets steady in December, sources say - The Business Times-2.1%
• Dec 2, 2021Oil prices: OPEC and Russia stick with plans to increase oil output in January | CNN Business+10.6%
• Apr 5, 2026OPEC+ to increase oil production by 206,000 bpd in May - Business & Economy - TASS-13.2%