Mexico agrees to continue output cut in line with OPEC

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%
• Oct 1, 2022Oil up nearly 3% as OPEC+ agrees to small oil output cut+16.5%
• Apr 1, 2022OPEC+ Resolves to Continue with Gradual 400,000 bpd Oil Output Hikes – Arise News-4.4%
• Dec 5, 2019OPEC, allies agree to deepen oil output cuts+0.5%
• Feb 7, 2019MEED | Opec+ agrees to extend oil output cuts till March 2020-0.2%

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.

• Jan 4, 2022Oil prices jump as Opec+ agrees to continue output increase in February | The National+3.3%
• Oct 1, 2022Oil up nearly 3% as OPEC+ agrees to small oil output cut+11.3%
• Apr 1, 2022OPEC+ Resolves to Continue with Gradual 400,000 bpd Oil Output Hikes – Arise News-6.9%
• Dec 5, 2019OPEC, allies agree to deepen oil output cuts+0.7%
• Feb 7, 2019MEED | Opec+ agrees to extend oil output cuts till March 2020+1.6%