Lack of conformity in OPEC unacceptable: Saudi En. Min.

After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.

• Aug 19, 2019Oil rises as markets factor in latest attack on Saudi energy facility | The National-1.3%
• Dec 1, 2018Oman Oil Minister: Majority of OPEC and its Allies Support Cut+3.7%
• Sep 16, 2019Oil Surges Most in Decades After Attack on Heart of Saudi Oil Industry+5.8%
• Apr 1, 2019OPEC oil output hits four-year low on Saudi cuts, Venezuela blackouts+4.9%
• Jan 30, 2023Putin and Saudi crown prince discuss OPEC+ cooperation to maintain price stability -Kremlin | Reuters-7.9%

After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.

• Aug 19, 2019Oil rises as markets factor in latest attack on Saudi energy facility | The National+0.3%
• Dec 1, 2018Oman Oil Minister: Majority of OPEC and its Allies Support Cut+6.0%
• Sep 16, 2019Oil Surges Most in Decades After Attack on Heart of Saudi Oil Industry+6.6%
• Apr 1, 2019OPEC oil output hits four-year low on Saudi cuts, Venezuela blackouts+2.9%
• Jan 30, 2023Putin and Saudi crown prince discuss OPEC+ cooperation to maintain price stability -Kremlin | Reuters-7.7%