OPEC+ sticks with 400,000 b/d oil output hike for December, despite US pleas

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.

• Apr 1, 2022OPEC+ sticks to modest oil output boost despite price hike - CGTN-4.4%
• Nov 4, 2021Opec+ to increase output by 400,000 bpd despite US pressure for more oil supply | The National+0.5%
• Oct 4, 2021OPEC+ sticks to plan for gradual oil output hike, price roars higher+4.6%
• Oct 30, 2024OPEC+ could delay December oil output hike, sources say+7.1%
• Oct 1, 2025Oil settles up after OPEC+ opts for modest output hike-1.0%

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.

• Apr 1, 2022OPEC+ sticks to modest oil output boost despite price hike - CGTN-6.9%
• Nov 4, 2021Opec+ to increase output by 400,000 bpd despite US pressure for more oil supply | The National+1.5%
• Oct 4, 2021OPEC+ sticks to plan for gradual oil output hike, price roars higher+3.7%
• Oct 30, 2024OPEC+ could delay December oil output hike, sources say+7.2%
• Oct 1, 2025Oil settles up after OPEC+ opts for modest output hike-2.2%

After 90 past bullish policy events, ULSD / Diesel moved a median +1.4% over 5 sessions (66% higher; middle half -1.9% to +4.1%), and +0.1% over 20.

• Jun 1, 2021Brent Touches A Three-Month High As OPEC+ Decides To Stick With Output Increases For July+3.6%
• Sep 5, 2024OPEC+ agrees to delay October oil output hike for two months | Reuters-2.7%
• Feb 1, 2023Opec+ sticks to oil output policy after brief meeting - The Business Times-8.4%
• Apr 2, 2023Oil leaps 6% as OPEC+ shocks markets by cutting output target+2.0%
• Apr 2, 2023Goldman Sachs raises Brent oil price forecasts after OPEC+ output cuts+2.0%