Saudi Arabia and Russia call for OPEC+ cohesiveness with supply cuts

After 187 past neutral policy events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% over 20.

• Apr 9, 2019With Russia Cold To Cuts And Libya On Fire, OPEC Supply Squeeze May End | Investing.com-1.5%
• Feb 19, 2021Saudi Arabia and Russia at odds before crucial OPEC meeting+5.0%
• Aug 2, 2017OPEC, Saudi Arabia, and Sanctions Update: Connecting the Dots-0.2%
• Dec 4, 2022OPEC keeps oil supply cuts amid uncertainty of Russian sanctions - Los Angeles Times-11.1%
• Aug 22, 2019OPEC's market share sinks - and no sign of wavering on supply cuts+0.2%

After 175 past neutral policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (45% higher; middle half -3.6% to +3.0%), and +0.7% over 20.

• Apr 9, 2019With Russia Cold To Cuts And Libya On Fire, OPEC Supply Squeeze May End | Investing.com-0.1%
• Feb 19, 2021Saudi Arabia and Russia at odds before crucial OPEC meeting+4.3%
• Aug 2, 2017OPEC, Saudi Arabia, and Sanctions Update: Connecting the Dots+0.9%
• Dec 4, 2022OPEC keeps oil supply cuts amid uncertainty of Russian sanctions - Los Angeles Times-11.4%
• Aug 22, 2019OPEC's market share sinks - and no sign of wavering on supply cuts+0.0%