How OPEC's refusal to ease supply hike oil prices

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.

• Sep 5, 2022OPEC+ makes small trim to world oil supplies as prices fall | AP News+1.0%
• Jun 13, 2025Soybeans and Bean Oil Surge on RVO News: How High Will Prices Run?+10.2%
• Nov 30, 2016OPEC hashes out a major deal to cut oil production — and prices surge worldwide | Vox+12.5%
• Mar 1, 2017Oil prices rise as OPEC production cut trims supply | Globalnews.ca-2.2%
• Sep 19, 2022Oil edges up as supply woes outweigh demand and rate hike worries | Reuters-7.6%

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.

• Sep 5, 2022OPEC+ makes small trim to world oil supplies as prices fall | AP News-0.9%
• Nov 30, 2016OPEC hashes out a major deal to cut oil production — and prices surge worldwide | Vox+16.7%
• Mar 1, 2017Oil prices rise as OPEC production cut trims supply | Globalnews.ca+1.5%
• Sep 19, 2022Oil edges up as supply woes outweigh demand and rate hike worries | Reuters-5.7%
• Oct 10, 2019Oil prices rise as OPEC pledges decision on supply | Financial Post+0.6%