World’s crude oil producers extend cuts on output through 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.

• Nov 30, 2017Opec and Russia extend deal to cut oil production through 2018-2.5%
• Dec 5, 2024Explainer: How are OPEC+ oil producers unwinding their output cuts?+2.6%
• Jun 6, 2020OPEC+ extends output cuts through July and cracks down on cheats | OPEC | Al Jazeera-8.3%
• Apr 1, 2024OPEC+ members extend oil output cuts to second quarter+4.5%
• May 2, 2024Oil alliance OPEC+ extends collective crude production cuts into 2025-0.1%

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.

• Nov 30, 2017Opec and Russia extend deal to cut oil production through 2018-2.7%
• Dec 5, 2024Explainer: How are OPEC+ oil producers unwinding their output cuts?+0.6%
• Jun 6, 2020OPEC+ extends output cuts through July and cracks down on cheats | OPEC | Al Jazeera-7.2%
• Apr 1, 2024OPEC+ members extend oil output cuts to second quarter+5.9%
• May 2, 2024Oil alliance OPEC+ extends collective crude production cuts into 2025-0.6%