Oil prices near biggest monthly loss since October before OPEC meets

After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.

• Mar 19, 2021Oil prices post deepest weekly loss since October, yet banks remain bullish-2.4%
• Sep 29, 2025Talk of OPEC+ output quota increase sets crude prices up for their biggest daily loss since June - MarketWatch-7.3%
• Mar 31, 2020Oil ends March with biggest monthly and quarterly losses ever+64.9%
• Mar 21, 2017Is OPEC Losing Its Ability to Influence Oil Prices?-1.4%
• Apr 21, 2021Canadian dollar sees biggest drop in nearly 2 months as oil falls+0.7%

After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.

• Mar 19, 2021Oil prices post deepest weekly loss since October, yet banks remain bullish-1.8%
• Sep 29, 2025Talk of OPEC+ output quota increase sets crude prices up for their biggest daily loss since June - MarketWatch-7.5%
• Mar 31, 2020Oil ends March with biggest monthly and quarterly losses ever+30.7%
• Jul 4, 2023Why are OPEC+ supply cuts failing to boost oil prices?+4.3%
• Mar 17, 2023Oil prices settle down, post big weekly losses on bank fears | Reuters+1.6%