Oil prices mixed as talk of extending OPEC cuts faces rising U.S. supply

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.

• Aug 11, 2019Opec mulls further output cuts to support oil prices+1.5%
• Mar 6, 2020OPEC output cut deal falls apart as Russia resists, sending oil prices into tailspin - The Express Tribune-36.6%
• Aug 27, 2021OPEC+ faces mixed market signals after US pressure to increase oil supplies | S&P Global+3.6%
• Feb 2, 2021OPEC+ calm ahead of committee meeting as oil prices rise, but tough decisions loom | S&P Global+7.1%
• Aug 22, 2019OPEC's market share sinks - and no sign of wavering on supply cuts+0.0%

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.

• Aug 11, 2019Opec mulls further output cuts to support oil prices+0.7%
• Mar 6, 2020OPEC output cut deal falls apart as Russia resists, sending oil prices into tailspin - The Express Tribune-31.3%
• Aug 27, 2021OPEC+ faces mixed market signals after US pressure to increase oil supplies | S&P Global+3.9%
• Feb 2, 2021OPEC+ calm ahead of committee meeting as oil prices rise, but tough decisions loom | S&P Global+8.2%
• Aug 22, 2019OPEC's market share sinks - and no sign of wavering on supply cuts+0.2%