OPEC oil output falls in October led by drop in Iraqi exports

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.

• Jun 29, 2019Iraqi oil minister expects 6-9 months OPEC output deal extension-4.2%
• Sep 6, 2026OPEC, Allies Agree to Keep Oil Output Steady in October - WSJ+12.0%
• Aug 27, 2019OPEC reports 159% oil output conformity level in July+1.4%
• Mar 28, 2018Iraqi OilMin: Iraq to decide by year-end whether to keep oil output cuts — Octa-3.4%
• Sep 4, 2024OPEC+ discussing delay to planned oil output hike in October, sources say | Reuters-7.1%

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.

• Jun 29, 2019Iraqi oil minister expects 6-9 months OPEC output deal extension-1.4%
• Sep 6, 2026OPEC, Allies Agree to Keep Oil Output Steady in October - WSJ+9.3%
• Aug 27, 2019OPEC reports 159% oil output conformity level in July+2.8%
• Mar 28, 2018Iraqi OilMin: Iraq to decide by year-end whether to keep oil output cuts — Octa-2.9%
• Sep 4, 2024OPEC+ discussing delay to planned oil output hike in October, sources say | Reuters-6.4%