OPEC Committee: Oil Producers Cut July Output By 9% More Than Agreed

After 210 past bearish policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (48% higher; middle half -3.8% to +3.2%), and +0.2% over 20.

• May 31, 2025Opec+ decided on July output hike to punish over-producers | AGBI+4.9%
• Jun 3, 2024U.S. crude oil falls more than 3% as OPEC+ plans phasing out production cuts-2.0%
• Jul 5, 2025OPEC+ members agree to larger-than-expected oil production hike in August+2.2%
• Mar 9, 2018Opec+ likely to raise July oil output by 188,000 bpd+1.0%
• Jun 27, 2017OPEC in no rush on deeper oil output cut, to look at in July+9.9%

After 215 past bearish policy events, Crude Oil (WTI) moved a median +0.1% over 5 sessions (51% higher; middle half -4.4% to +3.3%), and +0.2% over 20.

• May 31, 2025Opec+ decided on July output hike to punish over-producers | AGBI+6.2%
• Jun 3, 2024U.S. crude oil falls more than 3% as OPEC+ plans phasing out production cuts-1.9%
• Jul 5, 2025OPEC+ members agree to larger-than-expected oil production hike in August+2.4%
• Mar 9, 2018Opec+ likely to raise July oil output by 188,000 bpd+1.7%
• Jun 27, 2017OPEC in no rush on deeper oil output cut, to look at in July+7.1%