OPEC+ meeting on Aug. 3: Oil prices rise on tight supply

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.

• Mar 1, 2019Oil prices rise as markets tighten due to OPEC supply cuts-1.0%
• Aug 28, 2018Oil prices rise on expectations of tightening market on supply risks, ETEnergyworld+0.3%
• Mar 29, 2019Oil prices rise amid OPEC's ongoing supply cuts, U.S. sanctions+4.8%
• Oct 23, 2025Oil Prices Surge 5% as Russia Sanctions Meet A Tight Futures Market+3.3%
• Aug 29, 2022Oil prices climb on OPEC supply cut prospect, rise in demand-6.7%

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.

• Mar 1, 2019Oil prices rise as markets tighten due to OPEC supply cuts+0.0%
• Aug 28, 2018Oil prices rise on expectations of tightening market on supply risks, ETEnergyworld+3.1%
• Mar 29, 2019Oil prices rise amid OPEC's ongoing supply cuts, U.S. sanctions+4.0%
• Oct 23, 2025Oil Prices Surge 5% as Russia Sanctions Meet A Tight Futures Market+4.1%
• Aug 29, 2022Oil prices climb on OPEC supply cut prospect, rise in demand-7.9%

After 33 past bearish geopolitics events, US Dollar (Broad) moved a median -0.6% over 5 sessions (33% higher; middle half -1.5% to +0.2%), and -0.8% over 20.

• Mar 29, 2017Arab News | Oil prices rise with Libya disruption+0.5%
• Mar 9, 2022Euro surges as oil prices ease and investors embrace risk-0.3%
• Jan 26, 2026Oil rises further as IEA predicts surplus in Q1 - The Nation Newspaper-0.8%
• Jan 27, 2026Crude Prices Jump to a 3-Month High on Dollar Weakness and Iran Risks+0.3%
• Apr 14, 2026Oil Down 3% as New US-Iran Talks Seen-0.6%