Oil rises 2% as no immediate Saudi output boost expected

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 24, 2018OPEC, Russia rebuff Trump's call for immediate boost to oil output+3.4%
• Aug 19, 2019Oil Rises 2% After Attack on Saudi Field, Stimulus Expectations - Oil & Gas 360-1.3%
• Nov 3, 2024Oil Rises as OPEC+ Delays Output Hike, Election Roils Trading+1.3%
• Oct 1, 2026Saudi Oil Output Slumps as Iran War, Houthi Threats Disrupt Vital Export Routes-2.3%
• Jan 3, 2019OPEC oil output posts biggest drop since 2017 on Saudi move+12.6%

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 24, 2018OPEC, Russia rebuff Trump's call for immediate boost to oil output+4.9%
• Aug 19, 2019Oil Rises 2% After Attack on Saudi Field, Stimulus Expectations - Oil & Gas 360+0.3%
• Nov 3, 2024Oil Rises as OPEC+ Delays Output Hike, Election Roils Trading+0.8%
• Oct 1, 2026Saudi Oil Output Slumps as Iran War, Houthi Threats Disrupt Vital Export Routes+2.6%
• Jan 3, 2019OPEC oil output posts biggest drop since 2017 on Saudi move+10.9%