Saudi Arabia deepens oil cuts as weak demand weighs on prices

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

• Oct 11, 2026Oil Prices Jump 2% on Saudi Attacks as OPEC Sees Demand Rebound+7.5%
• Oct 8, 2022Why Did Saudi Arabia Defy Biden to Keep Oil Prices High - Bloomberg-7.5%
• Oct 1, 2019Saudi Arabia crude oil production outage affects global crude oil and gasoline prices-2.5%
• Apr 9, 2020Saudi Arabia and Russia end their oil-price war with output cut agreement-20.7%
• Aug 29, 2022Oil prices climb on OPEC supply cut prospect, rise in demand-6.7%

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

• Oct 11, 2026Oil Prices Jump 2% on Saudi Attacks as OPEC Sees Demand Rebound+1.0%
• Oct 8, 2022Why Did Saudi Arabia Defy Biden to Keep Oil Prices High - Bloomberg-6.6%
• Oct 1, 2019Saudi Arabia crude oil production outage affects global crude oil and gasoline prices-3.3%
• Apr 9, 2020Saudi Arabia and Russia end their oil-price war with output cut agreement-20.8%
• Aug 29, 2022Oil prices climb on OPEC supply cut prospect, rise in demand-7.9%