Future of OPEC supply cap deal looks uncertain as Russia mulls quitting

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.

• Dec 4, 2022OPEC keeps oil supply cuts amid uncertainty of Russian sanctions - Los Angeles Times-11.4%
• Apr 9, 2019With Russia Cold To Cuts And Libya On Fire, OPEC Supply Squeeze May End | Investing.com-0.1%
• Sep 11, 2019Saudi Arabia and Russia call for OPEC+ cohesiveness with supply cuts+2.4%
• Aug 3, 2022OPEC agrees to produce slightly more oil as recession fears loom | CNN Business-3.4%
• Feb 1, 2023OPEC+ keeps output steady amid uncertainty on China and Russia-0.8%

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.

• Dec 4, 2022OPEC keeps oil supply cuts amid uncertainty of Russian sanctions - Los Angeles Times-11.1%
• Apr 9, 2019With Russia Cold To Cuts And Libya On Fire, OPEC Supply Squeeze May End | Investing.com-1.5%
• Sep 11, 2019Saudi Arabia and Russia call for OPEC+ cohesiveness with supply cuts+3.3%
• Aug 3, 2022OPEC agrees to produce slightly more oil as recession fears loom | CNN Business-4.1%
• Feb 1, 2023OPEC+ keeps output steady amid uncertainty on China and Russia-2.2%