OPEC deal to raise oil production will 'rein in prices'

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 1, 2025OPEC+ to Increase Oil Production—Again+6.2%
• Jun 1, 2021OPEC to raise oil production in July, stays mum on what’s next+4.4%
• Jun 23, 2018The AEC welcomes OPEC decision to raise oil production - African Energy Chamber+7.6%
• Oct 5, 2025Opec+ plus to raise oil production by 137,000 barrels a day in November-3.1%
• Jul 18, 2024OPEC+ will stick to oil production hike plan as upcoming meeting, delegates report-6.4%

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 1, 2025OPEC+ to Increase Oil Production—Again+4.9%
• Jun 1, 2021OPEC to raise oil production in July, stays mum on what’s next+2.4%
• Jun 23, 2018The AEC welcomes OPEC decision to raise oil production - African Energy Chamber+5.1%
• Oct 5, 2025Opec+ plus to raise oil production by 137,000 barrels a day in November-2.7%
• Jul 18, 2024OPEC+ will stick to oil production hike plan as upcoming meeting, delegates report-3.6%