OPEC to meet July 1 and 2 after several postponements

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.

• Dec 1, 2016After OPEC deal, oil expected to rally - for the moment+0.8%
• Jun 2, 202437th OPEC and non-OPEC Ministerial Meeting Statement-1.9%
• Jul 1, 2020Opec and allies extend oil production cuts to end of July+4.2%
• Oct 4, 2023Opec+ sticks to current output policy after oil price rally | The National-3.7%
• Jun 22, 2018Oil jumps the most since Nov 2016 after OPEC's moderate supply hike+11.9%

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.

• Dec 1, 2016After OPEC deal, oil expected to rally - for the moment+6.6%
• Jun 2, 202437th OPEC and non-OPEC Ministerial Meeting Statement-2.0%
• Jul 1, 2020Opec and allies extend oil production cuts to end of July+4.3%
• Feb 1, 2023Opec+ sticks to oil output policy after brief meeting - The Business Times-0.8%
• Oct 4, 2023Opec+ sticks to current output policy after oil price rally | The National-3.8%