# Crude Oil Prices Shrug off Trade Jitters Amid Deeper OPEC Output Cuts

> Crude oil rose on Tuesday, recovering a prior day's losses, after a Joint Ministerial Monitoring Committee report showed OPEC+ compliance with production limits at high levels and expected significant inventory declines in the second half. WTI gained about 1.6% to $54.40 and Brent rose 0.8% to $58.58.

- Date: 2019-08-27 · published 2019-08-27T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/57744-crude-oil-prices-shrug-off-trade-jitters-amid-deeper-opec-output-cuts
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Deeper OPEC+ cuts tighten crude balances, supporting energy costs for feed production, transport and fertilizer, while trade-war demand worries cap gains.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-11-12 | [Oil prices climb as OPEC eyes output curbs](https://feedsoft.ai/events/62218-oil-prices-climb-as-opec-eyes-output-curbs.md) | -6.2% | -15.2% |
| WTI | 2019-03-29 | [Oil prices rise amid OPEC's ongoing supply cuts, U.S. sanctions](https://feedsoft.ai/events/60279-oil-prices-rise-amid-opec-s-ongoing-supply-cuts-u-s-sanctions.md) | +4.8% | +6.7% |
| WTI | 2016-12-12 | [Oil prices jump as crude exporters join OPEC cuts, but headwinds remain - Financial Post](https://feedsoft.ai/events/73629-oil-prices-jump-as-crude-exporters-join-opec-cuts-but-headwinds-remain.md) | +0.8% | -1.3% |
| WTI | 2025-11-02 | [OPEC+ pauses oil output hikes beyond December amid glut fears \| Reuters](https://feedsoft.ai/events/21872-opec-pauses-oil-output-hikes-beyond-december-amid-glut-fears-reuters.md) | -2.0% | -3.4% |
| WTI | 2016-12-02 | [Global LNG prices hit 2016 high as OPEC agrees oil output cut](https://feedsoft.ai/events/73632-global-lng-prices-hit-2016-high-as-opec-agrees-oil-output-cut.md) | -0.5% | +5.2% |
| BRENT | 2018-11-12 | [Oil prices climb as OPEC eyes output curbs](https://feedsoft.ai/events/62218-oil-prices-climb-as-opec-eyes-output-curbs.md) | -5.1% | -11.4% |
| BRENT | 2019-03-29 | [Oil prices rise amid OPEC's ongoing supply cuts, U.S. sanctions](https://feedsoft.ai/events/60279-oil-prices-rise-amid-opec-s-ongoing-supply-cuts-u-s-sanctions.md) | +4.0% | +6.9% |
| BRENT | 2016-12-12 | [Oil prices jump as crude exporters join OPEC cuts, but headwinds remain - Financial Post](https://feedsoft.ai/events/73629-oil-prices-jump-as-crude-exporters-join-opec-cuts-but-headwinds-remain.md) | +2.7% | +0.3% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/crude-oil-prices-shrug-off-142700159.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.