OPEC said to work on exit strategy alongside cuts extension

After 175 past neutral policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (45% higher; middle half -3.6% to +3.0%), and +0.7% over 20.

• Dec 1, 2017For How Long Will OPEC Extend Production Cuts?-2.0%
• Mar 5, 2018Opec to Mull Exit Strategies for Output Deal | Energy Intelligence+1.6%
• Jun 3, 2017Opec in dilemma over output cut extension: QNB | The Peninsula Qatar-3.7%
• Jan 29, 2025Kazakhstan to decide on oil output cuts after OPEC+ meeting | Reuters-1.7%
• May 1, 2019Oil prices mixed as talk of extending OPEC cuts faces rising U.S. supply-2.9%

After 187 past neutral policy events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% over 20.

• Dec 1, 2017For How Long Will OPEC Extend Production Cuts?-1.5%
• Jun 3, 2017Opec in dilemma over output cut extension: QNB | The Peninsula Qatar-3.9%
• Jan 29, 2025Kazakhstan to decide on oil output cuts after OPEC+ meeting | Reuters-1.5%
• May 1, 2019Oil prices mixed as talk of extending OPEC cuts faces rising U.S. supply-3.8%
• Apr 9, 2019With Russia Cold To Cuts And Libya On Fire, OPEC Supply Squeeze May End | Investing.com-1.5%