OPEC's market share sinks - and no sign of wavering on supply cuts

After 187 past neutral policy events, 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%
• May 1, 2019Oil prices mixed as talk of extending OPEC cuts faces rising U.S. supply-3.8%
• Jul 19, 2024OPEC+ not expected to change supply levels after market and price stabilisation - Offshore Technology-5.6%
• Sep 11, 2019Saudi Arabia and Russia call for OPEC+ cohesiveness with supply cuts+3.3%
• Jan 4, 2022OPEC+ Agrees to Revive More Oil Supplies as Market Looks Tighter+2.8%

After 175 past neutral policy events, 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%
• May 1, 2019Oil prices mixed as talk of extending OPEC cuts faces rising U.S. supply-2.9%
• Jul 19, 2024OPEC+ not expected to change supply levels after market and price stabilisation - Offshore Technology-3.7%
• Sep 11, 2019Saudi Arabia and Russia call for OPEC+ cohesiveness with supply cuts+2.4%
• Jan 4, 2022OPEC+ Agrees to Revive More Oil Supplies as Market Looks Tighter+3.3%