OPEC+ set to keep production targets unchanged in December, source says

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.

• Oct 28, 2026Opec+ agrees in principle to keep oil output targets steady in December, sources say - The Business Times-2.1%
• Aug 30, 2021OPEC+ likely to keep oil output policy from September unchanged, sources say | Reuters+0.8%
• Dec 4, 2022Algeria says OPEC+ decision to keep output unchanged appropriate-11.1%
• Mar 21, 2017OPEC's Oil Production Agreement Having Unintended Effects, Goldman Says - Business Insider-1.4%
• Mar 31, 2022OPEC votes to stop using IEA production data to assess quota compliance: sources | S&P Global-10.6%

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.

• Oct 28, 2026Opec+ agrees in principle to keep oil output targets steady in December, sources say - The Business Times-4.7%
• Aug 30, 2021OPEC+ likely to keep oil output policy from September unchanged, sources say | Reuters+0.5%
• Dec 4, 2022Algeria says OPEC+ decision to keep output unchanged appropriate-11.4%
• Mar 31, 2022OPEC votes to stop using IEA production data to assess quota compliance: sources | S&P Global-11.9%
• Feb 1, 2024OPEC+ monitoring has reviewed crude oil production data for November, December 2023 - Business & Economy - TASS-2.6%