OPEC+ rebuffs U.S. calls for speedier oil output increases

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

• Dec 1, 2016OPEC reaches first deal to cut oil output since 2008+0.8%
• Oct 1, 2025Oil settles up after OPEC+ opts for modest output hike-1.0%
• Nov 4, 2021Opec+ to increase output by 400,000 bpd despite US pressure for more oil supply | The National+0.5%
• Feb 2, 2022With oil markets tightening, OPEC and its allies agree to a small increase in output.+1.3%
• Feb 1, 2019Oil nudges higher as OPEC reduces output-2.1%

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

• Dec 1, 2016OPEC reaches first deal to cut oil output since 2008+6.6%
• Oct 1, 2025Oil settles up after OPEC+ opts for modest output hike-2.2%
• Nov 4, 2021Opec+ to increase output by 400,000 bpd despite US pressure for more oil supply | The National+1.5%
• Feb 2, 2022With oil markets tightening, OPEC and its allies agree to a small increase in output.+4.1%
• Oct 31, 2017OPEC oil output falls in October led by drop in Iraqi exports+5.8%