# Oil prices finish higher as OPEC+ stresses full compliance with output quotas - Oklahoma Energy Today

> 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.

- Date: 2020-09-17 · published 2020-09-17T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/51292-oil-prices-finish-higher-as-opec-stresses-full-compliance-with-output-quotas
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Stronger OPEC+ discipline supports crude prices, which flow through to diesel and fuel costs for feed and grain handling.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-09-08 | [OPEC+ sticks with plan to keep oil output quotas unchanged \| Financial Post](https://feedsoft.ai/events/17383-opec-sticks-with-plan-to-keep-oil-output-quotas-unchanged-financial-post.md) | +10.6% | +1.7% |
| WTI | 2017-11-01 | [Brent oil near two-year highs as OPEC's compliance with cuts improves](https://feedsoft.ai/events/68143-brent-oil-near-two-year-highs-as-opec-s-compliance-with-cuts-improves.md) | +5.2% | +5.3% |
| WTI | 2020-09-17 | [Oil reverses losses to gain 2% as OPEC urges compliance with production cuts](https://feedsoft.ai/events/51278-oil-reverses-losses-to-gain-2-as-opec-urges-compliance-with-production-cuts.md) | -0.6% | +1.9% |
| WTI | 2021-10-04 | [OPEC+ sticks to plan for gradual oil output hike, price roars higher](https://feedsoft.ai/events/44442-opec-sticks-to-plan-for-gradual-oil-output-hike-price-roars-higher.md) | +4.6% | +9.9% |
| WTI | 2019-11-21 | [Oil Prices Surge as OPEC Looks to Cut Output \| INN](https://feedsoft.ai/events/56233-oil-prices-surge-as-opec-looks-to-cut-output-inn.md) | +2.2% | +7.8% |
| BRENT | 2026-09-08 | [OPEC+ sticks with plan to keep oil output quotas unchanged \| Financial Post](https://feedsoft.ai/events/17383-opec-sticks-with-plan-to-keep-oil-output-quotas-unchanged-financial-post.md) | +12.9% | +11.9% |
| BRENT | 2017-11-01 | [Brent oil near two-year highs as OPEC's compliance with cuts improves](https://feedsoft.ai/events/68143-brent-oil-near-two-year-highs-as-opec-s-compliance-with-cuts-improves.md) | +4.3% | +3.6% |
| BRENT | 2020-09-17 | [Oil reverses losses to gain 2% as OPEC urges compliance with production cuts](https://feedsoft.ai/events/51278-oil-reverses-losses-to-gain-2-as-opec-urges-compliance-with-production-cuts.md) | -0.7% | +2.0% |

## Sources

- okenergytoday.com: https://okenergytoday.com/2020/09/oil-prices-finish-higher-as-opec-stresses-full-compliance-with-output-quotas/

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