Oil markets fall as it is reported that OPEC+ members are not looking for another production cut

After 215 past bearish policy events, Crude Oil (WTI) moved a median +0.1% over 5 sessions (51% higher; middle half -4.4% to +3.3%), and +0.2% over 20.

• May 25, 2017OPEC and non-OPEC members agree to extend production cuts for nine months-5.4%
• Jun 3, 2024U.S. crude oil falls more than 3% as OPEC+ plans phasing out production cuts-1.9%
• Jul 5, 2025OPEC+ members agree to larger-than-expected oil production hike in August+2.4%
• Dec 4, 2022OPEC Plus opts against cutting production as oil prices fall - The Washington Post-11.1%
• Oct 3, 2025OPEC+ agrees to modest oil production increase for November+1.7%

After 210 past bearish policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (48% higher; middle half -3.8% to +3.2%), and +0.2% over 20.

• May 25, 2017OPEC and non-OPEC members agree to extend production cuts for nine months-7.0%
• Jun 3, 2024U.S. crude oil falls more than 3% as OPEC+ plans phasing out production cuts-2.0%
• Jul 5, 2025OPEC+ members agree to larger-than-expected oil production hike in August+2.2%
• Dec 4, 2022OPEC Plus opts against cutting production as oil prices fall - The Washington Post-11.4%
• Oct 3, 2025OPEC+ agrees to modest oil production increase for November+2.2%