Signals from OPEC+ Zooms Crude Oil Prices

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.

• Aug 26, 2022Oil prices rise on signals OPEC might cut output-6.8%
• Apr 2, 2023Oil prices: Brent crude, WTI surge after OPEC producers announce production cuts | CNN Business+7.4%
• Oct 9, 2017Oil prices climb after OPEC signals possible deal extension+2.6%
• Apr 3, 2024OPEC+ Keeps Oil Output Steady As Crude Prices Soar+2.8%
• Mar 4, 2021Oil prices surge as OPEC and its allies extend production cuts | CNN Business+5.2%

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.

• Aug 26, 2022Oil prices rise on signals OPEC might cut output-6.6%
• Apr 2, 2023Oil prices: Brent crude, WTI surge after OPEC producers announce production cuts | CNN Business+5.4%
• Oct 9, 2017Oil prices climb after OPEC signals possible deal extension+4.3%
• Apr 3, 2024OPEC+ Keeps Oil Output Steady As Crude Prices Soar+0.1%
• Mar 4, 2021Oil prices surge as OPEC and its allies extend production cuts | CNN Business+5.1%