Oil prices gain on expectation of continued Opec supply curbs in 2018

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.

• Jan 4, 2022Oil prices jump as Opec+ agrees to continue output increase in February | The National+2.8%
• Jun 30, 2019Oil prices edge up on hopes of supply cuts extension by OPEC-1.4%
• Apr 1, 2025Oil prices rise for second consecutive week on expected tighter supply-15.1%
• Oct 4, 2023Opec+ sticks to current output policy after oil price rally | The National-3.7%
• Dec 3, 2018Oil Prices Rise on Expectations for a Production Cut+3.7%

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.

• Jan 4, 2022Oil prices jump as Opec+ agrees to continue output increase in February | The National+3.3%
• Jun 30, 2019Oil prices edge up on hopes of supply cuts extension by OPEC-4.2%
• Apr 1, 2025Oil prices rise for second consecutive week on expected tighter supply-14.2%
• Oct 4, 2023Opec+ sticks to current output policy after oil price rally | The National-3.8%
• Dec 3, 2018Oil Prices Rise on Expectations for a Production Cut+6.0%