Crisis-hit Venezuela's oil output plummets in 2017 to decades low

After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.

• Jan 9, 2026OPEC oil output falls in December on Iran and Venezuela, Reuters survey finds | Reuters+3.7%
• Nov 30, 2022OPEC oil output drops in November after cut pledged -survey | Reuters-4.2%
• Jul 21, 2021Oil climbs over 4% despite rise in U.S. inventories | Reuters+7.2%
• Jan 31, 2024OPEC oil output falls in January on new cuts, Libya - survey | Reuters-4.8%
• Jan 5, 2017OPEC oil output falls from record high ahead of planned cuts - Reuters survey-2.1%

After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% over 20.

• Jan 9, 2026OPEC oil output falls in December on Iran and Venezuela, Reuters survey finds | Reuters+2.4%
• Jul 21, 2021Oil climbs over 4% despite rise in U.S. inventories | Reuters+6.4%
• Jan 31, 2024OPEC oil output falls in January on new cuts, Libya - survey | Reuters-6.0%
• Jan 5, 2017OPEC oil output falls from record high ahead of planned cuts - Reuters survey-2.0%
• Mar 31, 2023OPEC oil output falls on Angola, Iraq outages - Reuters survey+8.6%