Oil pares gains after report OPEC, allies considering supply hike

After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.

• Sep 21, 2018Exclusive - OPEC and allies consider oil output boost as Iranian supply falls: source | Reuters+1.9%
• Aug 30, 2024Crude Oil snaps support after OPEC sources confirm gradual reopening of production-10.8%
• Jun 25, 2026Brent oil erases wartime gains as Hormuz reopening boosts supply - The Japan Times-2.4%
• May 27, 2025Oil prices ease as US-Iran talks, OPEC+ plans spur supply concerns+0.9%
• Aug 5, 2025Oil prices fall as OPEC+ output hikes counter Russia disruption concerns | Reuters-3.4%

After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.

• Sep 21, 2018Exclusive - OPEC and allies consider oil output boost as Iranian supply falls: source | Reuters+3.5%
• Aug 30, 2024Crude Oil snaps support after OPEC sources confirm gradual reopening of production-8.9%
• Jun 25, 2026Brent oil erases wartime gains as Hormuz reopening boosts supply - The Japan Times-3.4%
• May 27, 2025Oil prices ease as US-Iran talks, OPEC+ plans spur supply concerns+0.8%
• Aug 5, 2025Oil prices fall as OPEC+ output hikes counter Russia disruption concerns | Reuters-3.1%