# Decomposing news shocks

> A paper in the American Economic Review by Diego Känzig estimates how OPEC production announcements shift oil prices, economic activity and inflation expectations. The study finds that news about future supply moves prices even when current output is unchanged.

- Date: 2021-05-05 · published 2021-05-05T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/47264-decomposing-news-shocks
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The findings show that OPEC signalling alone can move crude prices, so feed and energy buyers should watch its meeting announcements. The research is background analysis and does not change current supply.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2023-05-23 | [The 'great de-stocking'](https://feedsoft.ai/events/5977-the-great-de-stocking.md) | -3.2% | -0.0% |
| BRENT | 2026-03-18 | [USD/VND: Oil shock risks weaker Dong – MUFG](https://feedsoft.ai/events/20470-usd-vnd-oil-shock-risks-weaker-dong-mufg.md) | +0.5% | -1.3% |
| BRENT | 2025-06-30 | [Positive trade news and easing Middle East tensions soothe markets \| STANLIB](https://feedsoft.ai/events/24502-positive-trade-news-and-easing-middle-east-tensions-soothe-markets-stanlib.md) | +1.6% | +0.4% |
| BRENT | 2020-09-21 | [Traders shun risky assets as new lockdowns loom; stocks, oil tumble \| GMA News Online](https://feedsoft.ai/events/10818-traders-shun-risky-assets-as-new-lockdowns-loom-stocks-oil-tumble-gma-news.md) | -2.9% | -1.2% |
| BRENT | 2019-04-22 | [Rupiah melemah seiring kepudaran "Jokowi effect" - ANTARA News](https://feedsoft.ai/events/59875-rupiah-melemah-seiring-kepudaran-jokowi-effect-antara-news.md) | +0.4% | +2.4% |

## Sources

- aeaweb.org: https://www.aeaweb.org/research/charts/oil-supply-news-opec-announcements

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.