Oil Spikes After OPEC Claims ''The Worst Is Over For The Oil Market''

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, 2016After OPEC deal, oil expected to rally - for the moment+0.8%
• Oct 1, 2025Oil settles up after OPEC+ opts for modest output hike-1.0%
• Dec 1, 2016Oil futures settle at 6-week high, above $50 after OPEC deal - MarketWatch+0.8%
• Oct 11, 2019Oil markets: OPEC, US-China trade in focus+0.6%
• Jan 6, 2021Fitch assesses OPEC + decision for oil market | Report.az+6.6%

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.

• Oct 1, 2025Oil settles up after OPEC+ opts for modest output hike-2.2%
• Dec 1, 2016After OPEC deal, oil expected to rally - for the moment+6.6%
• Dec 1, 2016Oil futures settle at 6-week high, above $50 after OPEC deal - MarketWatch+6.6%
• Oct 11, 2019Oil markets: OPEC, US-China trade in focus+0.9%
• Jan 6, 2021Fitch assesses OPEC + decision for oil market | Report.az+5.4%