OPEC deal: Members, non-members achieve 149% conformity level

After 438 past bullish policy events, Crude Oil (WTI) moved a median +0.9% over 5 sessions (61% higher; middle half -2.2% to +4.6%), and +2.0% over 20.

• Aug 27, 2019OPEC reports 159% oil output conformity level in July+2.8%
• Apr 28, 2017Oil cut deal now at 98% compliance level, says OPEC | TheCable-7.0%
• Jan 30, 2017OPEC convinces investors crude output cuts are real - The Gulf Time Newspaper+1.2%
• Mar 4, 2024Saudi Arabia and the UAE among Opec+ members extending oil output cuts | The National-2.4%
• Jun 4, 2023Opec+ members agree to extend voluntary oil output cuts until end of 2024 | The National-2.2%

After 442 past bullish policy events, Crude Oil (Brent) moved a median +1.4% over 5 sessions (60% higher; middle half -2.0% to +4.9%), and +2.1% over 20.

• Aug 27, 2019OPEC reports 159% oil output conformity level in July+1.4%
• Apr 28, 2017Oil cut deal now at 98% compliance level, says OPEC | TheCable-4.9%
• Jan 30, 2017OPEC convinces investors crude output cuts are real - The Gulf Time Newspaper+2.2%
• Mar 4, 2024Saudi Arabia and the UAE among Opec+ members extending oil output cuts | The National-1.2%
• Nov 30, 2016Oil price rises sharply as Opec members hint at deal to limit production+16.7%