Oil gains 1.5%, posts another weekly rise on supply concerns

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.

• Jun 8, 2026Opec+ raises July oil production quotas amid supply concerns | Malay Mail-7.5%
• Aug 3, 2017OPEC supply-cut compliance runs up against ire over country targets+0.4%
• Dec 4, 2022OPEC keeps oil supply cuts amid uncertainty of Russian sanctions - Los Angeles Times-11.4%
• May 1, 2019Oil prices mixed as talk of extending OPEC cuts faces rising U.S. supply-2.9%
• Oct 31, 2022OPEC Says Supply Surplus Was Main Reason for Oil Production Cut - Bloomberg+4.0%

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.

• Jun 8, 2026Opec+ raises July oil production quotas amid supply concerns | Malay Mail-6.1%
• Aug 3, 2017OPEC supply-cut compliance runs up against ire over country targets-0.0%
• Dec 4, 2022OPEC keeps oil supply cuts amid uncertainty of Russian sanctions - Los Angeles Times-11.1%
• May 1, 2019Oil prices mixed as talk of extending OPEC cuts faces rising U.S. supply-3.8%
• Mar 25, 2026ICE Canada Weekly: More behind canola, soyoil than crude oil prices - Grainews+10.2%