OPEC+ ministerial talks on output increase by 400,000 barrels per day in March completed - Business & Economy

After 442 past bullish policy events, BRENT moved a median +1.4% over 5 sessions (60% higher; middle half -2.0% to +4.9%), and +2.1% over 20.

• Dec 27, 2016Venezuela Aims to Cut 95,000 Barrels Per Day of Crude Output in OPEC Deal+1.3%
• Dec 7, 2018OPEC gets Iran green light to cut oil output by 0.8 million barrels per day: source+2.2%
• Nov 4, 2021Opec+ to increase output by 400,000 bpd despite US pressure for more oil supply | The National+1.5%
• Jun 4, 2023Opec+ cuts oil output to 40.46 million barrels per day throughout 2024 | Khaleej Times-1.7%
• Nov 30, 2016OPEC reaches agreement to cut oil production to 32.5 million barrels a day: Oil ministers+16.7%

After 438 past bullish policy events, WTI moved a median +0.9% over 5 sessions (61% higher; middle half -2.2% to +4.6%), and +2.0% over 20.

• Dec 27, 2016Venezuela Aims to Cut 95,000 Barrels Per Day of Crude Output in OPEC Deal+0.0%
• Dec 7, 2018OPEC gets Iran green light to cut oil output by 0.8 million barrels per day: source+2.2%
• Nov 4, 2021Opec+ to increase output by 400,000 bpd despite US pressure for more oil supply | The National+0.5%
• Jun 4, 2023Opec+ cuts oil output to 40.46 million barrels per day throughout 2024 | Khaleej Times-2.2%
• Nov 30, 2016OPEC reaches agreement to cut oil production to 32.5 million barrels a day: Oil ministers+12.5%