Insight: Saudi Arabia leads OPEC decision to drop IEA data as US ties fray

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.

• Dec 2, 2021Oil rises as investors focus on OPEC+ decision+9.7%
• Sep 15, 2019Oil prices likely to surge at Sunday's opening after a "different" type of Saudi Arabia disruption - FreightWaves+6.6%
• May 9, 2018Saudi Arabia will not act alone to fill any Iran oil shortfall: OPEC source+5.6%
• May 11, 2020Saudi Arabia deepens oil cuts as weak demand weighs on prices+15.8%
• Oct 8, 2022Why Did Saudi Arabia Defy Biden to Keep Oil Prices High - Bloomberg-6.6%

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.

• Dec 2, 2021Oil rises as investors focus on OPEC+ decision+10.6%
• Sep 15, 2019Oil prices likely to surge at Sunday's opening after a "different" type of Saudi Arabia disruption - FreightWaves+5.8%
• May 11, 2020Saudi Arabia deepens oil cuts as weak demand weighs on prices+19.0%
• May 14, 2019Oil jumps as Saudi Arabia reports drone 'terrorism' against pipeline+3.5%
• Oct 8, 2022Why Did Saudi Arabia Defy Biden to Keep Oil Prices High - Bloomberg-7.5%