Iraq says any action to raise oil output won't be unilateral: ministry spokesman

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.

• Jun 29, 2019Iraqi oil minister expects 6-9 months OPEC output deal extension-4.2%
• Sep 10, 2019Iraq will cut oil production, comply with OPEC this month: Minister+8.6%
• Sep 12, 2019OPEC members Iraq, Nigeria agree to cut oil output | OPEC | Al Jazeera+3.3%
• Nov 30, 2016Saudis to cut oil output by 0.5 million bpd in OPEC deal: source+16.7%
• Apr 20, 2017OPEC output deal likely to be extended, says Al-Falih-3.4%

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.

• Jun 29, 2019Iraqi oil minister expects 6-9 months OPEC output deal extension-1.4%
• Sep 10, 2019Iraq will cut oil production, comply with OPEC this month: Minister+8.9%
• Sep 12, 2019OPEC members Iraq, Nigeria agree to cut oil output | OPEC | Al Jazeera+4.4%
• Nov 30, 2016Saudis to cut oil output by 0.5 million bpd in OPEC deal: source+12.5%
• Apr 20, 2017OPEC output deal likely to be extended, says Al-Falih-2.2%