# Two 'unstable' OPEC nations may decide whether oil hits $100

> Libya and Nigeria hold elections that could disrupt their crude output, which has swung widely in recent years. Analysts see their supply as key to offsetting losses from Iran and Venezuela and determining whether oil returns toward $100.

- Date: 2018-10-22 · published 2018-10-22T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/62714-two-unstable-opec-nations-may-decide-whether-oil-hits-100
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Potential supply disruptions in Libya and Nigeria could lift crude prices, raising energy and transport costs for feed production.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-11-30 | [OPEC Meets To Decide Whether Cuts In Oil Production Are Still Needed : NPR](https://feedsoft.ai/events/50061-opec-meets-to-decide-whether-cuts-in-oil-production-are-still-needed-npr.md) | +3.5% | +7.0% |
| BRENT | 2020-11-16 | [OPEC+ Meetings Consider Further Action To Support Oil Market](https://feedsoft.ai/events/50069-opec-meetings-consider-further-action-to-support-oil-market.md) | +5.3% | +18.6% |
| BRENT | 2018-07-02 | [What higher oil prices mean for OPEC and the U.S. \| Brookings](https://feedsoft.ai/events/63956-what-higher-oil-prices-mean-for-opec-and-the-u-s-brookings.md) | -3.1% | -4.9% |
| BRENT | 2025-01-10 | [Oil prices rally 3% as US hits Russian oil with tougher sanctions](https://feedsoft.ai/events/10352-oil-prices-rally-3-as-us-hits-russian-oil-with-tougher-sanctions.md) | +5.4% | -4.2% |
| BRENT | 2026-04-05 | [Opec+ approves ‘in principle’ May output increase amid war-related supply disruptions \| The National](https://feedsoft.ai/events/19610-opec-approves-in-principle-may-output-increase-amid-war-related-supply.md) | -9.7% | -4.1% |
| WTI | 2020-11-30 | [OPEC Meets To Decide Whether Cuts In Oil Production Are Still Needed : NPR](https://feedsoft.ai/events/50061-opec-meets-to-decide-whether-cuts-in-oil-production-are-still-needed-npr.md) | +1.5% | +4.3% |
| WTI | 2020-11-16 | [OPEC+ Meetings Consider Further Action To Support Oil Market](https://feedsoft.ai/events/50069-opec-meetings-consider-further-action-to-support-oil-market.md) | +5.1% | +17.5% |
| WTI | 2018-07-02 | [What higher oil prices mean for OPEC and the U.S. \| Brookings](https://feedsoft.ai/events/63956-what-higher-oil-prices-mean-for-opec-and-the-u-s-brookings.md) | -0.3% | -4.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/10/22/two-unstable-opec-nations-may-decide-whether-oil-hits-100.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.