With Russia Cold To Cuts And Libya On Fire, OPEC Supply Squeeze May End

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.

• Sep 11, 2019Saudi Arabia and Russia call for OPEC+ cohesiveness with supply cuts+2.4%
• Aug 22, 2019OPEC's market share sinks - and no sign of wavering on supply cuts+0.0%
• Jan 26, 2026OPEC+ Likely to Stick With Supply Pause in March, Delegates Say - Bloomberg+6.6%
• May 1, 2019Oil prices mixed as talk of extending OPEC cuts faces rising U.S. supply-2.9%
• Dec 2, 2021Oil prices: OPEC and Russia stick with plans to increase oil output in January | CNN Business+9.7%

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.

• Sep 11, 2019Saudi Arabia and Russia call for OPEC+ cohesiveness with supply cuts+3.3%
• Aug 22, 2019OPEC's market share sinks - and no sign of wavering on supply cuts+0.2%
• Jan 26, 2026OPEC+ Likely to Stick With Supply Pause in March, Delegates Say - Bloomberg+6.4%
• May 1, 2019Oil prices mixed as talk of extending OPEC cuts faces rising U.S. supply-3.8%
• Dec 2, 2021Oil prices: OPEC and Russia stick with plans to increase oil output in January | CNN Business+10.6%