U.S. could overtake Saudi, Russia to become global oil leader this year

After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% over 20.

• Sep 10, 2020Oil prices fall as growing U.S. stockpiles signal bumpy demand recovery | Financial Post+5.6%
• Apr 26, 2018Citi Says U.S. May Become World's Top Oil Exporter Next Year - Bloomberg-0.1%
• Oct 30, 2020OPEC oil output rises by 210,000 bpd in October-survey | Financial Post+7.3%
• Jul 31, 2020OPEC oil output rises by 970,000 bpd in July - survey | Financial Post+5.2%
• Mar 14, 2023OPEC sees improved Chinese oil demand more than offset by resilient Russian output | S&P Global-9.5%

After 129 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (45% higher; middle half -3.9% to +2.5%), and +0.4% over 20.

• Sep 10, 2020Oil prices fall as growing U.S. stockpiles signal bumpy demand recovery | Financial Post+3.3%
• Apr 26, 2018Citi Says U.S. May Become World's Top Oil Exporter Next Year - Bloomberg-0.9%
• Oct 30, 2020OPEC oil output rises by 210,000 bpd in October-survey | Financial Post+8.3%
• Jul 31, 2020OPEC oil output rises by 970,000 bpd in July - survey | Financial Post+4.9%
• Mar 14, 2023OPEC sees improved Chinese oil demand more than offset by resilient Russian output | S&P Global-8.9%