Saudi, Russia Reaffirm OPEC Deal of Million-Barrel Oil Boost

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.

• Jun 23, 2018OPEC+ Agrees to Oil-Supply Boost in Victory for Saudis, Russia - Bloomberg+5.1%
• Dec 2, 2021Oil Plunges 4.8% as Russia Is Said to Propose OPEC+ Output Hike - Bloomberg+9.7%
• May 25, 2018Russia and Opec agree to boost oil production – The Irish Times-3.5%
• Jun 2, 2025Behind OPEC+ oil output hike, Saudi-Russian tensions simmer+4.9%
• Oct 25, 2018OPEC Should Boost Crude Production at Next Meeting, the IEA Says - Bloomberg-2.1%

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.

• Jun 23, 2018OPEC+ Agrees to Oil-Supply Boost in Victory for Saudis, Russia - Bloomberg+7.6%
• Dec 2, 2021Oil Plunges 4.8% as Russia Is Said to Propose OPEC+ Output Hike - Bloomberg+10.6%
• May 25, 2018Russia and Opec agree to boost oil production – The Irish Times-7.0%
• Jun 2, 2025Behind OPEC+ oil output hike, Saudi-Russian tensions simmer+6.2%
• Oct 25, 2018OPEC Should Boost Crude Production at Next Meeting, the IEA Says - Bloomberg-2.0%