OPEC+ said at its monthly joint committee meeting that it would stress full compliance with output cuts and recommend extending its overproduction compensation mechanism until the end of December. WTI settled up 2% at $40.97 and Brent rose 2.6% to $43.30 on September 17.
Stronger OPEC+ discipline supports crude prices, which flow through to diesel and fuel costs for feed and grain handling.
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.
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.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.