Oil rises near month highs as market awaits G20 summit and OPEC meeting

After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% over 20.

• Aug 31, 2021OPEC+ sees tighter oil market until May 2022 | Reuters-1.2%
• Jan 19, 2018IEA Sees Oil Markets Tightening as PDVSA Output+2.5%
• Feb 12, 2018Brent Crude, West Texas Intermediate, OPEC Says Oil Demand to Rise - Markets Insider+4.4%
• Jan 19, 2017IEA: OPEC output cuts under scrutiny as market tightens+2.4%
• Jul 30, 2020Comparative Analysis of Monthly Reports on the Oil Market+2.6%

After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.

• Jan 19, 2018IEA Sees Oil Markets Tightening as PDVSA Output+2.0%
• Aug 31, 2021OPEC+ sees tighter oil market until May 2022 | Reuters-0.4%
• Jan 22, 2018OPEC and Non-OPEC oil production cuts at record highs - Offshore Energy+2.5%
• Feb 12, 2018Brent Crude, West Texas Intermediate, OPEC Says Oil Demand to Rise - Markets Insider+2.6%
• Jan 19, 2017IEA: OPEC output cuts under scrutiny as market tightens+1.6%