Oil up on OPEC output cuts, hopes of easing U.S.-China trade tensions

After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% over 20.

• Nov 14, 2019Oil Rises on Signs of U.S. Supply Drop, OPEC’s Shale Outlook - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com-0.2%
• Sep 12, 2017Oil edges up as OPEC output falls, offsets hurricane concerns+3.8%
• Jan 31, 2024OPEC oil output falls in January on new cuts, Libya - survey | Reuters-6.0%
• Feb 10, 2017Oil is surging this morning on news that OPEC is cutting output like never before - Financial Post+0.8%
• May 13, 2026IEA warns of global oil deficit as Iran conflict hits output+5.8%

After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.

• Nov 14, 2019Oil Rises on Signs of U.S. Supply Drop, OPEC’s Shale Outlook - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com+1.2%
• Jan 22, 2018OPEC and Non-OPEC oil production cuts at record highs - Offshore Energy+2.5%
• Sep 12, 2017Oil edges up as OPEC output falls, offsets hurricane concerns+2.7%
• Jan 31, 2024OPEC oil output falls in January on new cuts, Libya - survey | Reuters-4.8%
• Feb 10, 2017Oil is surging this morning on news that OPEC is cutting output like never before - Financial Post+0.2%